Hyundai Motor Group Offers a Helping Hand
to Quake-Stricken Japan
- Group to donate 100 million yen through the Red Cross
- Chairman Chung sends condolence letters to Japanese business partners
Hyundai Motor Group will donate 100 million yen (approximately US$1.3 million*) to assist the recovery efforts in Japan, following the devastating earthquake and tsunami that struck the nation last week.
The monetary donation will be made to the Korean Red Cross and delivered to the Japanese Red Cross to purchase immediate needs like blankets, food, and water.
Additionally, Hyundai Motor Group’s Chairman Mong-Koo Chung sent condolence letters to Japanese business partners on March 14th
including JFE Steel Corporation, to express Hyundai’s deepest sympathy and wishes for an early recovery. Hyundai Motor Group will continue to provide additional support as needed.
Hyundai has been actively lending a helping hand to disaster-hit sites across the globe as part of its efforts to fulfill its role as a responsible global corporate citizen. To name a few, Hyundai provided support in the aftermath of Iran’s earthquake in 1999, the 2004 tsunami disaster in Asia, the 2007 Greek forest fires, the 2009 and 2010 earthquakes in Haiti and Chile, respectively, in the form of monetary donations, distribution of emergency supplies, or direct participation in relief activities.
* This is an estimate based on March 17 (Seoul time) exchange rates.