Korea District Heating Corporation, First Public Enterprise to Allocate 10% of Executive Salaries

Following Ministers and Vice Ministers... Sharing the Burden of COVID-19

[Asia Economy Reporter Moon Chae-seok] As the government decided to return 30% of the salaries of ministers and vice ministers for the next four months to share the pain caused by the novel coronavirus infection (COVID-19) crisis, a case has emerged where executives of public enterprises are also paying pain-sharing funds.

Korea District Heating Corporation (Jiyeok Nadan Gongsa) announced on the 24th that at the emergency countermeasure headquarters meeting chaired by President Hwang Chang-hwa on the 23rd, it was decided to pay 10% of this year's executive annual salary as pain-sharing funds to share the suffering of the people. This is the first among public enterprises. The total amount returned is about 94 million won.

The funds will be used to help those suffering from the COVID-19 crisis.

Hanan is also discussing with the District Energy Association a plan to allow business users, including small business owners, and kindergartens and daycare centers to pay heating fees in installments over three months.

Earlier, the government decided that public officials at the minister and vice minister level and above would return 30% of their monthly salary to the national treasury from this month until June. Some members of the National Assembly are also participating.

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