[Sponsored Report] Shinhan reaches out to help bolster communities
Shinhan Bank has been boosting its efforts in the realms of philanthropy and social contributions, getting involved with everything from education and volunteering to environmental preservation, cultural endeavors and sports.
The company is highly committed to giving back some of its profits to society and sharing its achievements with local communities.
All of the company’s employees are members of the Shinhan Bank Volunteer Group, which debuted in July 2004. The group works to help improve communities by sending volunteers to spend time at social welfare facilities, supporting children and aiding residents who are suffering as a result of natural disasters, among other efforts.
To help preserve the environment, the bank works to maintain hiking trails and hangs signs with eco-friendly tips at 18 national parks. It also held a large photo contest with an environmental theme, receiving support from the Ministry of Environment. At the same time, the bank is offering a host of environment-focused products and recently signed a memorandum of understanding with the Korea Forest Service.
Other efforts include projects by Shinhan Bank’s Foundation of Hope, which was established to foster academic and cultural endeavors. The foundation supports a scholarship for Koreans living overseas, disabled children and overseas students in seven countries including Kazakhstan, Uzbekistan and China.
The bank is also behind the Shinhan Museum, which is located in Jung-gu Taepyeongro and ranks as the oldest attraction of its kind dealing with the financial industry. The museum displays about 4,000 financial materials and also offers educational programs and events for children.
In the arts sphere, the Shinhan Gallery is providing free access to young artists and organizes various special exhibitions and events for citizens. From a cultural perspective, Shinhan Bank has been leading efforts to clean up cultural attractions and assets while also providing cultural education, enlisting 5,000 volunteers to help out.
Additionally, the bank has started a program in which delinquent borrowers can improve their credit by participating in volunteer efforts. It also has teamed up with Happy Bean, the Republic of Korea National Red Cross and the Korea International Cooperation Agency to support low-income families.
On the economic front, the bank has been working since 2009 to help reduce the youth unemployment rate. This program has helped create 3,000 regular jobs for small businesses and is aiding the economy.