S. Korea’s bank federation offers aid to quake-hit Indonesia

SEOUL, Oct. 5 (Yonhap) -- South Korea's federation of banks said Friday it has given 100 million won (US$88,526) to help Indonesia in its efforts to recover from a recent deadly earthquake and tsunami.

The Korea Federation of Banks said it delivered the fund to the Korea Red Cross on behalf of local banks a day earlier to support its ongoing restoration efforts.

Food and entertainment giant CJ Group also offered 3 billion Indonesian rupiah ($198,000) for restoration work on the same day.

A number of Korean companies, including No. 1 carmaker Hyundai Motor Group and the country's third-largest business group SK, have joined international efforts to help support Indonesia so far.

Last week, Indonesia's Sulawesi Island was devastated by the 7.5-magnitude quake and ensuing tsunami, which has left more than 1,400 people dead.

Source: Yonhap News Agency

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