Hana Financial Group establishes foundation to help the young

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Hana Financial Group establishes foundation to help the young

Hana Financial Group Chairman Kim Jung-tai, third from left, and members of the board of the Stump Foundation for Youth, a newly established public welfare foundation focusing specifically on young people, pose for a photo during an event held Thursday to commemorate the foundation’s launch at H-Pulse, a lounge operated by Hana Bank for members of the group’s loyalty program in Mapo District, western Seoul. Kim is the chair of the board. [HANA FINANCIAL GROUP]

Hana Financial Group Chairman Kim Jung-tai, third from left, and members of the board of the Stump Foundation for Youth, a newly established public welfare foundation focusing specifically on young people, pose for a photo during an event held Thursday to commemorate the foundation’s launch at H-Pulse, a lounge operated by Hana Bank for members of the group’s loyalty program in Mapo District, western Seoul. Kim is the chair of the board. [HANA FINANCIAL GROUP]

Hana Financial Group announced Thursday it established a public welfare foundation dedicated to solving social problems related to teenagers.  
 
The move comes as part of the group’s environmental, social and governance (ESG)-related efforts.  
 
The newly established Stump Foundation for Youth will focus on three key areas.  
 
First, it will support the studies of teenagers protected at shelters and further help them to achieve independence when they are released from the centers. The foundation plans to offer one-on-one mentoring for children protected at shelter homes to help them study. Missing school due to the coronavirus pandemic has widened the gap between those studying at home and those that are not.  
The foundation said it will also find teenagers in the dead zone of welfare. Children raised by grandparents or parents with disabilities often suffer from economic difficulties and starve.  
 
The group said in statement it will support the feeding of children in need.  
 
Lastly, the foundation will cooperate with experts in teenager consulting and develop programs to effectively prevent suicide or addiction at an early age.  
 
Chairman Kim Jung-tai of Hana Financial Group will chair the foundation.  
 
“Through the foundation, we will strive to make practical changes for the next generation,” Kim said. “We will create synergies with our various other efforts to strengthen ESG management.”
 
BY KIM JEE-HEE   [kim.jeehee@joongang.co.kr]
  

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