Hahn & Co.'s $1.4 mil. flood donation tops Lotte, GS, CJ

Hahn & Co., Korea's leading private equity firm, has donated 2 billion won ($1.4 million) to support residents affected by recent nationwide heavy rainfall, the company said Sunday. The donation was made to the Hope Bridge Korea Disaster Relief Association and will be used to provide emergency relief supplies to those impacted by the floods and to aid the swift recovery of affected areas. Thirteen portfolio companies, in which Hahn & Co. has invested, participated in the donation drive, including Namyang Dairy Products, Korean Air C&D Service, Lahan Hotel, Cynosure Lutronic, Solmics, Ssangyong C&E, H-Line Shipping, SK Enpulse, K Car, Coavis, SK Microworks, SK Specialty and SK Shipping. From July 16 to 20, heavy rainfall swept the country, resulting in 24 confirmed deaths and forcing more than 10,000 households to evacuate. This year, in addition to severe landslide damage caused by the rain, extreme heat waves and tropical nights have intensified, leading to a sharp rise in simultaneous damage from both flooding and heat-related issues. The private equity firm’s 2 billion won donationWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times