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KB Financial donates US$100,000 to flood-hit Laos

All News 14:13 August 13, 2018

SEOUL, Aug. 13 (Yonhap) -- KB Financial Group Inc. said Monday it has donated US$100,000 to Laos to help its ongoing restoration efforts following a recent deadly flood.

The South Korean financial entity delivered the fund to the Southeast Asian country, with part of the donation being collected from its affiliates, KB Capital Co. and KB Kookmin Card Co., according to its officials, adding that the capital unit also plans to provide relief goods worth 200 million won (US$17,615) for victims there.

On July 23, an auxiliary dam at the Xe Pian Xe Namnoy dam cluster in the southwest of the country collapsed due to heavy rains, causing flooding in several nearby villages that killed 31 civilians and left more than 100 missing. An estimated 6,000 people were also displaced, according to local media.

KB Financial donates US$100,000 to flood-hit Laos - 1


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