National Credit Union Federation of Korea Provides 160 Million Won for Flood Recovery in Geoje and Tongyeong

MG Dasum Volunteer Group Carries Out On-Site Recovery Work

The National Credit Union Federation of Korea announced on the 25th that it has provided donations and relief supplies worth a total of 160 million won to Geoje and Tongyeong in Gyeongnam, both of which suffered damage from heavy rainfall, and dispatched an employee volunteer group to the sites.

This support initiative was carried out in cooperation with the Korean Red Cross. Geoje and Tongyeong, the areas most affected, will each receive a donation of 50 million won as well as 120,000 bottles of mineral water valued at 60 million won.

The donations and mineral water will be used to support the daily lives of affected residents and aid in the restoration of local communities.

The MG Dasum Volunteer Group, composed of employees from the National Credit Union Federation of Korea, has also begun on-site recovery efforts. The group plans to help residents in flood-affected apartment complexes in Geoje by removing soil and carrying out drainage work in underground parking lots to assist in restoring everyday life.

In addition, the National Credit Union Federation of Korea will provide financial support to households, small business owners, and SMEs who submit disaster damage confirmation documents by September 19, including maturity extensions of up to one year, deferment of principal and interest payments for up to six months, and emergency loans of up to 10 million won.

A representative from the National Credit Union Federation of Korea stated, "We will do our utmost to provide support and carry out recovery activities on-site so that affected residents can quickly regain a safe daily life."

The National Credit Union Federation of Korea announced on the 25th that it has provided 160 million won in donations and relief supplies to Geoje and Tongyeong cities in Gyeongnam, which were affected by heavy rains, and dispatched its employee volunteer group, the MG Dtasum Volunteer Corps, to the site. The MG Dtasum Volunteer Corps carried out soil removal and drainage work in the underground parking lots of apartments in Geoje and Tongyeong. Photo by National Credit Union Federation of Korea

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