Nam Hyun-woo has worked as a staff writer at The Korea Times since 2013, mostly covering business and politics. He currently belongs to the Business Desk where he covers topics such as emerging tech, AI, ICT and Korea's chaebol community. Prior to joining the team, he was the paper's correspondent for the presidential office of Korea during the Yoon Suk Yeol and Moon Jae-in administrations.
Biz groups donate to support heavy rain victims
A convenience store building is collapsed due to torrential rain in Gapyeong, Gyeonggi Province, Sunday. Yonhap
By Nam Hyun-woo
Korea’s major business groups have stepped up efforts to aid victims of recent torrential rains that left 23 people dead and five missing as of Thursday.
According to company announcements, eight Samsung affiliates — including Samsung Electronics, Samsung Display and Samsung SDI — have donated a combined 3 billion won (approximately $2.14 million) to support victims and aid recovery efforts. In addition to the donation, Samsung plans to provide emergency relief supplies to help ease the hardship of affected residents.
Hyundai Motor Group has donated 2 billion won to the Hope Bridge Korea Disaster Relief Association to help expedite the restoration of flood-damaged areas and provide urgent support to local communities. The group has also dispatched six mobile laundry and sanitation trucks to wash contaminated clothing and carry out disinfection at disaster sites.
SK Group contributed 2 billion won to the Hope Bridge Korea Disaster Relief Association via the Community Chest of Korea. It also delivered relief supplies worth 300 million won (about $215,000).
LG Group also donated 2 billion won and plans to distribute emergency relief kits — including blankets, clothing and daily necessities — through the Korean Red Cross to support disaster victims.
POSCO Group and Hanwha Group have joined the corporate relief campaign as well, each pledging 2 billion won to support recovery efforts.
Doosan Group and LS Group have donated 500 million won each, while Dongsuh Food donated 200 million won and delivered around 2,000 boxes of relief supplies to support recovery efforts and assist victims in areas affected by the heavy rains.
Leading mobile carrier KT has granted 1 billion won for the victims, while Hyosung and HS Hyosung donated 300 million won and 100 million won, respectively.