Eximbank helps multiracial families, N. Korean defectors

The Export-Import Bank of Korea (Eximbank) has made efforts to support multiracial families and North Korean defectors here to fulfill its corporate social responsibility (CSR), according to the state-run financial institution, Wednesday.

Since naming its social contribution the “Hope Seed Program” in 2012, the bank has carried out various CSR activities, including leading global contribution projects.

In particular, it has focused on supporting multiracial families and North Korean defectors here, who have been mentioned as the “new types of vulnerable social groups” in a globalized Korean society.

To give continuous support,

Eximbank has set up sisterhood relationships with relevant charities, and its executives and employees have participated in volunteer work and made donations.

As a state-run bank managing the Economic Development Cooperation Fund (EDCF) and the Inter-Korean Cooperation Fund, Eximbank has helped the new members of our society adapt.

For multiracial families, Eximbank has sponsored charities nationwide and education programs for children with a parent from another country.

For North Korean defectors, it has sponsored alternative schools for the defectors and their children.

“Through customized education for multiracial families and North Korean defectors, we help them adapt to society,” an Eximbank official said.

Eximbank also has engaged in global CSR activities, utilizing its role as a bank specializing in foreign trade.

“With our global CSR activities for vulnerable social groups in low-income countries, we have distinguished ourselves as a state-run lender supporting foreign trade,” the official said.

In Cambodia, Eximbank has built wells, toilets and health clinics in remote rural villages to improve the quality of life and assisted in the construction of there.