Woori Financial Group, led by Chairman Son Tae-seung, announced on Jan. 10 that it is also taking the lead in global ESG management by urgently providing $100,000 (about 120 million won) to support the recovery of damage in the Philippines, which is suffering from the massive typhoon RAI in the Philippines.
Typhoon RAI caused great damage to the region, with destruction of more than 500,000 buildings, over 400 deaths, more than 1,100 injured people, and more than 600,000 victims at the moment.
Woori Wealth Bank Philippines, Woori Financial Group's local subsidiary in the Philippines, delivered news of damage by Typhoon RAI, which penetrated Cebu Island in the Philippines last month. Woori Wealth Bank Philippines was launched in 2015 and has expanded its network across the region with its headquarters in Cebu, currently operating 25 branches.
In response, Woori Financial Group has decided to urgently provide $100,000 in damage recovery donations to the Asian branch of the world's largest charity fund, United Way, to practice humanity and ESG management for international disasters.
Son Tae-seung, chairman of Woori Financial Group, said, "We hope this support will help victims recover local damage and return to daily life as soon as possible," adding, "Woori Financial Group will continue to practice humanity and global ESG management by cooperating quickly for recovery of international disasters."