Home MMBIZ News Industrial Bank of Korea to Provide $120k in Education Funding

Industrial Bank of Korea to Provide $120k in Education Funding

The Industrial Bank of Korea (IBK) is to provide an education funding for students in a rural district of Upper Myanmar.

IBK will donate $120,000 (120 million won) to build the school building (fourth floor) including 12 classrooms and four toilets of Kan-tet-kone Monastic Education School in Mandalay. The funding will also be used to buy books, desks and chairs for the school.

The bank said it aims to do its part of corporate social responsibility in Myanmar and boost the relationship between Myanmar and South Korea.

Chief Representative of IBK in Myanmar, Lee Jeung Hwan, said similar projects will be carried out next year.

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