Asan Foundation Donates $200,000 for Nepal Flood Relief

Funds Delivered to Flood Victims Through Korean Red Cross Overseas Relief Support Totals About 2.1 Billion Won Since 2006

Culture|
|
By Ahn Kyung-jinrealglasses@sedaily.com
||
Chung Mong-joon, chairman of the Asan Foundation. Photo courtesy of the Asan Foundation - Seoul Economic Daily Culture News from South Korea
Chung Mong-joon, chairman of the Asan Foundation. Photo courtesy of the Asan Foundation

The Asan Foundation said on the 7th that it has delivered $200,000 to the Korean Red Cross to help people displaced by large-scale flooding in Nepal.

The money will fund emergency relief and recovery efforts for affected residents, including food, daily necessities and medical support.

The foundation has provided relief funds whenever large-scale disasters have struck at home or abroad. It delivered $400,000 through the Korean Red Cross after the 2023 earthquakes in Turkey and Syria, and its overseas relief contributions total about 2.1 billion won, covering support for Ukrainian refugees and ethnic Koreans in 2022, victims of the 2018 tsunami in Indonesia and those affected by the 2015 earthquake in Nepal. Domestically, it provided 800 million won between 2022 and 2025 for people displaced by wildfires and floods in Gangwon and North Gyeongsang provinces, and 1 billion won in 2020 for programs to help the country cope with COVID-19.

Original reporting by Ahn Kyung-jin for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

Watch · Seoul Economic Daily

More →
3:08

AI KEY

Preview
Korean Corporate Intelligence HubKOSPI · KOSDAQ · 12 sectors

A live, cap-weighted view of every KOSPI and KOSDAQ sector, with same-day Korean reporting distilled by company — built for foreign investors, correspondents and analysts who need to scan Korea before the next session.

Korea Company Atlas

Preview
Market Ontology · The Feedback LoopKFTC 2025 · 92 groups · 121,954 articles

An English ontology of the Korean market — how companies, the media, the government and the National Assembly move each other in a loop. Korea's named controlling persons and designated business groups are a mechanism, not a risk to be priced blind.

SIGNAL

Now live
English Edition · Capital MarketsM&A · IPO · PE · Fund Flows

SIGNAL English Edition is live — Korea's deal desk reporting in English. M&A, IPOs, private equity and fund flows, covered daily for global institutional investors. Browse free; subscriber-only scoops at the 50% intro rate.