'Overcoming the COVID-19 Crisis' Korea Airports Corporation to Return Executive Salaries for 4 Months
[Asia Economy Reporter Yu Je-hoon] Amid difficulties faced by the entire industry, including the aviation sector, due to the spread of the novel coronavirus infection (COVID-19), Korea Airports Corporation has decided to forgo executive salaries for the next four months.
Korea Airports Corporation announced on the 25th that, to share the national burden caused by the spread of COVID-19, the president, standing auditor, executives, and subsidiary company presidents will forgo their salaries for four months.
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The scale of the salary forfeit is 30% for the corporation president and 20% for executives and subsidiary company presidents. President Son Chang-wan stated, "We have united in this small gesture to share the pain with the aviation industry, which is experiencing unprecedented difficulties due to the sharp decline in air travel demand, and to participate in the national effort to swiftly overcome the COVID-19 crisis and return to normal life."
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