30% Salary Return by Presidents of the Four Major Institutes of Science and Technology

[Asia Economy Reporter Hwang Junho] Shin Sung-chul, President of the Korea Advanced Institute of Science and Technology (KAIST), along with Kim Ki-sun, President of the Gwangju Institute of Science and Technology (GIST), Kook Yang, President of the Daegu Gyeongbuk Institute of Science and Technology (DGIST), and Lee Yong-hoon, President of the Ulsan National Institute of Science and Technology (UNIST), announced on the 31st that the presidents of the four major science and technology institutes have agreed to return 30% of their salaries for four months to overcome the novel coronavirus infection (COVID-19).

A KAIST official explained that the four presidents of the major science and technology institutes made this decision in agreement to actively participate in the ongoing voluntary salary return relay by high-ranking public officials, heads of public institutions, and heads of government-funded research institutes, with the purpose of resolving the national economic crisis caused by COVID-19 and sharing the pain with the public.

Shin Sung-chul, President of KAIST, said, "In this national emergency caused by COVID-19, we decided to participate in the salary return movement rising across various sectors of society to share the difficulties with the people who are suffering greatly and to express our determination to overcome the current situation early. The four major science and technology institutes will continue to fulfill their roles and missions to overcome the national economic crisis, as well as fulfill their social responsibilities as public educational institutions by showing various interests in vulnerable groups."

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