Road Traffic Authority and Labor-Management Jointly Contribute 640 Million Won to 'Public Coexistence Solidarity Fund'

At the inauguration ceremony held on the 18th at the Public Coexistence Solidarity Fund, Yoon Jong-gi, Chairman of the Korea Road Traffic Authority (fourth from the left), Lee Jong-sang, Chairman of the Korea Road Traffic Authority Labor Union (third from the left), and Lee Byung-hoon, Chairman of the Public Coexistence Solidarity Fund (fifth from the left), along with other officials, are taking a commemorative photo. / Photo by Korea Road Traffic Authority

[Asia Economy Reporter Lee Gwan-joo] On the 18th, the Korea Road Traffic Authority held a joint 'Public Win-Win Solidarity Fund Contribution Ceremony' with labor and management at the Public Win-Win Solidarity Foundation in Jongno-gu, Seoul, and contributed 640 million won to the fund.

The Public Win-Win Solidarity Fund is a public interest corporation established in December 2017 with resources from early adoption incentives of the performance-based pay system returned by 116 public institutions nationwide. Its purpose is to regularize non-regular workers and create good jobs.

The fund contributed this time by the Korea Road Traffic Authority was prepared by voluntarily returning early adoption incentives paid during the introduction of the performance-based pay system in 2016 by executives and employees. Labor and management agreed to use it together to realize social values such as job creation and improvement of treatment for non-regular workers.

Yoon Jong-gi, Chairman of the Korea Road Traffic Authority, said, “I express my gratitude to the executives, employees, and labor union who actively participated in voluntarily returning incentives and contributing to the fund to realize social values,” and added, “We will continue to faithfully fulfill our social responsibilities as a public institution.”

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