How Are South Korean Corporations Responding to the Flood Crisis?
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Synopsis
Discover how major South Korean corporations are stepping up to support flood victims through significant donations and essential services. Their quick response aims to alleviate the suffering caused by the recent natural disaster, showcasing corporate responsibility at its best.
Key Takeaways
- Samsung Group donated 3 billion won for recovery.
- SK Group contributed 2.3 billion won and on-site assistance.
- LG Group established emergency repair centers.
- Hyundai reduced vehicle repair costs by 50%.
- Over 14,000 people are currently displaced.
Seoul, July 22 (NationPress) In response to the devastating flooding that has impacted numerous residents across the nation, various South Korean conglomerates have significantly increased their relief and recovery initiatives.
Samsung Group has generously contributed 3 billion won (approximately US$2.17 million) in cash and essential supplies to aid recovery efforts in the flood-stricken regions. Additionally, Samsung Electronics Co. commenced free inspections and repairs for home appliances and smartphones that sustained water damage starting Friday.
SK Group has donated 2.3 billion won in cash and resources for recovery in the affected areas, particularly in Sancheong, located in South Gyeongsang Province. The group’s affiliates are also delivering on-site assistance.
SK hynix Inc., the group's semiconductor division, has provided 175 packages of relief tents and floor mats for displaced individuals in Asan and Yesan counties of South Chungcheong Province. Furthermore, SK Telecom Co. has set up mobile phone charging stations, distributed portable chargers, and supplied additional emergency items, as reported by Yonhap news agency.
Both LG Group and Hyundai Motor Group have each pledged 2 billion won towards nationwide recovery efforts.
LG Electronics Inc. has initiated emergency repair centers in South Chungcheong Province to support damaged appliances. Meanwhile, LG H&H Co. has provided personal care items like toothbrushes and shampoo, and LG Uplus Corp. has extended telecommunications services to those displaced.
Hyundai Motor Co. and its affiliate Kia Corp. announced a commitment to reduce repair costs by up to 50 percent for vehicles affected by the flooding.
The steelmaker POSCO Group and shipbuilding firm HD Hyundai have each contributed 2 billion won to the relief efforts, while retail giant Lotte Group has donated 1 billion won.
Intense rainfall since Wednesday has resulted in floods and landslides, claiming the lives of at least 18 individuals, with the most severe damage occurring in the southern regions, such as Sancheong.
Authorities have intensified recovery measures, with approximately 2,976 out of the 6,752 reported damaged buildings and facilities already undergoing emergency restoration.
Over 14,000 people have sought shelter since the onset of heavy rains, with 2,549 individuals still unable to return to their homes.
Point of View
It is crucial to highlight the remarkable commitment of South Korean corporations in times of crisis. Their proactive response to the recent flooding not only reflects corporate responsibility but also a profound sense of community. It’s essential to recognize these efforts and the impact they have on the lives of those affected.
NationPress
22/07/2025
Frequently Asked Questions
What types of aid are South Korean conglomerates providing?
South Korean conglomerates are offering cash donations, essential supplies, emergency repair services, and on-site assistance to support recovery efforts in flood-hit areas.
How much has Samsung donated for flood relief?
Samsung Group has donated 3 billion won (approximately US$2.17 million) to assist in recovery efforts for those affected by the flooding.
What support has LG Group provided?
LG Group has established emergency repair centers and provided personal care products, while also supporting telecommunications for displaced residents.
How many people are currently displaced due to the flooding?
Over 14,000 individuals have sought shelter since the onset of heavy rains, with 2,549 people still unable to return to their homes.
What are the main regions affected by the floods?
The most severely impacted areas are in the southern regions of South Korea, particularly Sancheong in South Gyeongsang Province.
