Shinhan Financial Group Mounts Hope Together Campaign against COVID-19 Crisis
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Shinhan Financial Group Mounts Hope Together Campaign against COVID-19 Crisis
Confirms date and agenda of 2020 general shareholders meeting and recommended 2 new outside director candidates

24(Tue), Mar, 2020

Directors of the Shinhan Finance Hope Foundation discuss support measures for those suffered from the novel coronavirus fiasco (Cho Yong-byung, chairman of the Shinhan Finance Hope Foundation, Seong Yong-rak, an auditor of the foundation, Kim Jeong-hun, a manager of the Shinhan Finance Group, Kim Bong-rae and Kim Seok-dong, directors of the foundations (clockwise from bottom left)) (Photo: Shinhan Financial Group)

Shinhan Financial Group announced on March 3 that it will launch the “Hope Together Campaign” that offers encouragement to Koreans suffering from the spread of the novel coronavirus, which has lasted for months.

The Hope Together Campaign was planned based on Shinhan Financial Group’s will to restore a healthy Korea through a social donation project that involves all Shinhan Financial Group affiliates, as well as the crowdfunding platform Wadiz.

The Hope Together Campaign is aimed at raising a total of five billion won over four months through June. It plans to proceed with three concepts to draw social interest and promote donations.

To overcome the epidemic, Shinhan Financial Group will spearhead a program to donate necessary items such as “necessity kits” and meal boxes to medical personnel, including those at the Korea Center for Disease Control and medical facilities.

They will be donated to people in big cities working hard day and night to fight the epidemic, and children of marginalized parts of society.

In addition, a campaign is underway to pray for the complete end of COVID-19 and support self-employed and small business owners, who have been directly or indirectly impacted by the COVID-19 virus.

To this end, Shinhan Financial Group will give away the Onnuri Gift Certificates to the poor in trouble to boost local economies and support them.

Donations raised through contributions by Shinhan Financial Group affiliates such as Shinhan Bank, Shinhan Card, Shinhan Financial Investment will be delivered to national medical facilities and NGO groups including those in the Daegu and Gyeongbuk areas through the Community Chest of Korea.

Lastly, the Shinhan Financial Hope Foundation is planning to carry out a CSR project to help local communities recover by investing 1 billion won to solve social problems caused by the COVID-19 virus.

On March 3, the Shinhan Financial Hope Foundation held the first meeting of its board of directors and resolved measures to help overcome the national crisis caused by the virus.

People who wanted to take part in the Hope Together Campaign participated in the donation campaign through the social donation project created by Shinhan Financial and Wadiz on March 5.

Meanwhile, in order to decrease damage from the virus, the group devised company-wide support measures since February.

The Shinhan Financial Group donated a total of 200,000 face masks were donated to the marginalized such as the elderly, children, the disabled, and low-income families, and a total of 10,000 masks to prevent the spread of the novel coronavirus in Daegu, the hardest hit area in Korea.

Moreover, the group decided to provide emergency funding totaling 500 billion won to small business owners and small and medium-sized enterprises (SMEs) with Shinhan Bank and Jeju Bank taking the lead. Shinhan Bank and Jeju Bank are affiliates of the Shinhan Financial Group.

Shinhan Bank provides free export safety net insurance and other services for Korean companies exporting to China. Separately, Shinhan Bank China in China donated two million yuan to held the Chinese people the damage to COVID-19 in China.

Shinhan Financial Group confirmed the date and agendas of the 2020 general shareholders' meeting and recommended two new outside director candidates in a regular board meeting on March 5.

The 2020 general shareholders meeting will take place on March 26 (Thursday) at 10 am on the 20th floor of the Shinhan Bank head office in Sejong-daero, Jung-gu, Seoul.

Agendas to be presented at the general shareholders meeting are approval for the 19th financial statements and consolidated financial statements, the change of articles of association and the appointment of directors and audit committee members and approval for directors’ compensation limits.

On the same day, the board of directors recommended two candidates for outside director positions.

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