Gibo Executives Return Salaries to Overcome 'COVID-19' Damage
The Chairman Returns 30% of 4 Months' Salary, Executives Return 10%
[Asia Economy Reporter Kim Cheol-hyun] The Korea Technology Finance Corporation (Chairman Jeong Yun-mo, hereinafter referred to as Kibo) announced on the 31st that the chairman has decided to return 30% of his salary for four months, and executives 10%, to support small and medium-sized enterprises (SMEs) and small business owners struggling due to the novel coronavirus infection (COVID-19) and to fulfill its social responsibilities as a public institution.
The funds raised through this salary return will be used to support affected SMEs and small business owners. In particular, the plan is to provide practical assistance to affected companies by allocating resources for financial support to SMEs and small business owners or by spreading virtuous consumption through donations of Onnuri gift certificates.
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Chairman Jeong Yun-mo of Kibo said, "I decided to return my salary to contribute even a little to overcoming the national crisis caused by COVID-19," and added, "I hope this salary return will provide some help to SMEs and small business owners who are struggling due to COVID-19."
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