[SPONSORED REPORTS] Eximbank donates W350 million for Covid-19 relief

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[SPONSORED REPORTS] Eximbank donates W350 million for Covid-19 relief

Published: 25 May. 2020, 19:36

Bang Moon-kyu, the chairman of the Korea Eximbank, presents a donation of 350 million won ($281,000) to the Korea Foundation for International Healthcare to help developing countries suffering from the coronavirus outbreak. [KOREA EXIMBANK]

The state-run Export-Import Bank of Korea (Korea Eximbank) donated 350 million won ($281,000) to provide Korean coronavirus test kits and quarantine supplies to developing countries.

By cooperating with the Korea Foundation for International Healthcare (Kofih), Korea Eximbank hopes to provide necessary supplies to Laos, Cambodia, Ghana, Tanzania and Ethiopia, which are priority partner countries for receiving aid from the Economic Development Cooperation Fund.

A donation ceremony was held on May 21 in Kofih located in Jung District, central Seoul, and was attended by Bang Moon-kyu, chairman of Korea Eximbank.

Kofih will use the money to purchase test kits and protective clothing, and Korea Eximbank and Kofih employees currently working in the aforementioned developing countries will directly give out the supplies to locals.

“Many developing countries are suffering from coronavirus due to the lack of test kits and quarantine supplies,” said Bang. “I hope this donation will be an opportunity to introduce Korea’s excellent quarantine systems globally.”

BY PARK JI-HOON [park.jihoon@joongang.co.kr]