Shinhan Bank CEO Jung Sang-hyuk (정상혁) has joined a relay campaign to prevent damage from illegal private lending and protect financially vulnerable people.
Shinhan Bank said on Oct. 12 that Jung took part in the “Finance that saves lives” campaign led by the Korea Inclusive Finance Agency.
Jung joined after being nominated by K Bank CEO Choi Woo-hyung. Jung stressed the role of finance with the message: “Finance that saves lives will protect people so they are no longer driven to illegal private lending.”
Shinhan Bank is sharing consumer-protection content with its branches nationwide that reconstructs cases of financial fraud. It is also providing guidance on illegal private-lending schemes and how to prevent them. The bank explained that it is continuing financial support for victims of jeonse fraud and multicultural families, among others.
Jung said he would expand practical support for financially vulnerable groups.
Jung also recommended iM Bank CEO Kang Jung-hoon and Jeju Bank CEO Lee Hee-soo as the next participants.
Lee Ji-young
ljy@d-today.co.kr