Korea Investment Trust Management Implements Emergency Work System Due to COVID-19 Spread

[Asia Economy Reporter Eunmo Koo] Korea Investment Trust Management will begin emergency operations from 2 p.m. on the 24th in response to the spread of the novel coronavirus infection-19 (COVID-19).

This emergency operation will be conducted concurrently through separated work shifts and telecommuting depending on department tasks and employee duties. Among the 258 employees working at the headquarters, excluding personnel stationed at overseas offices, about 40 employees, accounting for approximately 16%, have been designated as the initial emergency operation targets, with plans to adjust the workforce ratio according to the progress of COVID-19.

Separated work shifts will utilize the DR (Disaster Recovery) Center located in Gasan-dong, Geumcheon-gu, Seoul, and the auditorium of Korea Investment Savings Bank headquarters located in Seohyeon-dong, Bundang-gu, Gyeonggi-do. Telecommuting employees will begin work after separate in-house training.

A Korea Investment Trust Management official stated, “This is a preemptive measure to prepare for the worst-case scenario such as a 72-hour building closure in case of confirmed cases within the company,” adding, “The decision focuses on maintaining the core operations of the asset management company, including fund establishment, management, trading, redemption, and deposits and withdrawals.”

The Korea Investment Trust Management headquarters, located in the Korea Investment & Securities Building in Yeouido, Seoul, is enforcing group-level COVID-19 prevention measures such as mandatory mask-wearing and temperature checks using thermal scanners at the building entrance.

This content was produced with the assistance of AI translation services.