ABL Life CEO Kwak Heepil Joins the "Finance That Saves Lives" Campaign

CEO Kwak: "ABL Life will lead efforts to put inclusive finance into practice and expand it"

ABL Life said on the 10th that it had joined the "Finance That Saves Lives" relay campaign to raise awareness of preventing harm from illegal private lending and protecting financially vulnerable groups.

Kwak Heepil, CEO of ABL Life, participates in the "Finance That Saves Lives" relay campaign and poses for a commemorative photo on the 10th. ABL Life.

Organized by the Korea Inclusive Finance Agency, the public-private campaign began last July to highlight the role of finance in preventing financially vulnerable people who need emergency funds from being driven to illegal private lenders. Financial companies, public institutions, and local governments are taking part in the relay campaign.

CEO Kwak Heepil joined the campaign after being nominated by Sung Daegyu, CEO of Dongyang Life, and recommended Park Kyungwon, CEO of iM Life, as the next participant.

ABL Life operates a range of financial support programs to fulfill the social responsibility of insurance and ease customers' financial burdens. These include preferential additional interest rates for senior customers, deferrals of premium payments, and deferrals of interest payments on policy loans.

Through these programs, the company eases the financial burden on senior customers, supports efforts to address the low birth rate, and helps customers facing financial difficulties due to disasters and other circumstances overcome their challenges. It also carries out a range of social contribution activities for financially vulnerable groups, including financial education for young adults preparing for independent living and for senior citizens.

“The true value of finance lies in protecting lives and making them better,” CEO Kwak said. “ABL Life will lead efforts to put inclusive finance into practice and expand it, serving as a reliable partner to financially vulnerable groups.”

This content was produced with the assistance of AI translation services.