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Industry

Battery data becomes shield as recourse claims open in EV fire compensation

South Korea began an \"EV Fire Peace-of-Mind Insurance\" scheme in July that compensates damage before the cause is determined. Policy terms allow insurers to seek recourse from vehicle owners or drivers, manufacturers including parts makers, importers, charging-facility owners or managers, or other liable third parties once fault is confirmed. Battery makers are excluded from insured parties and premiums, but can face claims if defects are found or if losses exceed coverage limits.

Finance

Hana Bank contributes 5.5 billion won to Incheon credit guarantee foundation to expand loans for small merchants

Hana Bank will make a special contribution of 5.5 billion won to the Incheon Credit Guarantee Foundation to support 84 billion won in guaranteed loans for small merchants. The bank said it signed an agreement with the foundation and visited Sinpo International Market and the Namdong National Industrial Complex. It will add 2.0 billion won in the second half after contributing 3.5 billion won in the first half.

People

Hana Financial Group supports samgyetang for 4,000 vulnerable elderly in Incheon

Hana Financial Group carried out a social contribution activity for vulnerable elderly people in the Incheon area. The group said on July 16 it held a volunteer event on July 15 at the Gajwa Senior Culture Center in Seo-gu, Incheon, sharing health-boosting meals and delivering “happiness boxes.” Employees served samgyetang to visitors and delivered boxes with meals and instant rice to homes. The group plans to provide samgyetang to about 4,000 people through July 24.