Bank of Korea "Governor Lee Ju-yeol and Executives to Return 30% of Salaries for 4 Months"

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 31st that "Governor Lee Ju-yeol and other Bank of Korea executives have decided to return 30% of their salaries for the next four months to share the public's suffering caused by the spread of the novel coronavirus infection (COVID-19)."

The executives returning their salaries include the Governor, Deputy Governor, Monetary Policy Committee members, Auditor, Deputy Governor Assistant, and Foreign Exchange Operations Director. The returned salaries will be donated to public interest foundations supporting low-income groups and small business owners struggling due to the COVID-19 crisis.

A Bank of Korea official added, "The salary return was voluntarily decided, and the timing of the decision varies slightly among the executives."

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