{"id":312604,"date":"2026-08-25T14:14:03","date_gmt":"2026-08-25T08:29:03","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=312604"},"modified":"2026-08-25T14:15:08","modified_gmt":"2026-08-25T08:30:08","slug":"korean-insurer-provides-financial-support-for-flood-hit-areas-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/korean-insurer-provides-financial-support-for-flood-hit-areas-2\/","title":{"rendered":"Korean insurer provides financial support for flood-hit areas"},"content":{"rendered":"<p>Kathmandu. South Korea&#8217;s life and non-life insurance industry has pledged $72,000 to support recovery efforts following the floods in the southern cities of Jeonge and Tongyong. <\/p>\n<p>The Life Insurance Social Contribution Committee and the Social Contribution Council of the Non-Life Insurance Association have decided to donate the emergency relief fund to the Korean Red Cross on August 24. The funds will be used to repair flood-damaged areas, provide relief materials to affected people and help vulnerable families with the cost of living. <\/p>\n<p>The Korean insurance industry has already provided financial and other support after major natural disasters such as forest fires and heavy rains. <\/p>\n<p>According to Kim Cheol-joo, co-chair of the Life Insurance Social Contribution Committee, the purpose of the contribution is to help the affected people return to a normal life. The new contribution comes at a time when South Korea&#8217;s insurance companies are playing a role in disaster recovery and community support following increasingly severe weather events. \u2013Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. South Korea&#8217;s life and non-life insurance industry has pledged $72,000 to support recovery efforts following the floods in the southern cities of Jeonge and Tongyong. The Life Insurance Social Contribution Committee and the Social Contribution Council of the Non-Life Insurance Association have decided to donate the emergency relief fund to the Korean Red Cross [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":225675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-312604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=312604"}],"version-history":[{"count":1,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312604\/revisions"}],"predecessor-version":[{"id":312605,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/312604\/revisions\/312605"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/225675"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=312604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=312604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=312604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}