Narrative
Full Description
Project narrative
On or around May 19, 2020, the Seoul Branch of the Industrial and Commercial Bank of China (ICBC) donated ₩120 million KRW (approximately $97,000 USD) to the Korean Red Cross for COVID relief purposes.
Overview
ICBC donates ₩120 million KRW to the Korean Red Cross for COVID relief purposes
Commitments (Constant USD, 2023)$104,957
Commitment Year•2020Country of Activity•KoreaDirect Recipient Country of Incorporation•KoreaSector•HealthFlow Type•Grant
Status
Project lifecycle
Completion
Pipeline: PledgePipeline: CommitmentImplementationCompletion
Timeline
Key dates
- Commitment date
- May 19, 2020
- Start (actual)
- May 19, 2020
- End (actual)
- May 19, 2020
Geospatial footprint
Map overview
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The purpose of this project was to provide ₩120 million KRW to the Korean Red Cross for Covid-19 relief and funding that would otherwise support coronavirus-related work. Their headquarters are located in Seoul, Korea. More detailed locational information can be found at https://www.openstreetmap.org/way/272760669.
Stakeholders
Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities
Funding agencies
State-owned Commercial Banks
- Industrial and Commercial Bank of China (ICBC)
Receiving agencies
NGO/CSO/Foundations
- Korean Red Cross
Loan desecription