Jungjingong "Participation in Executive Salary Return"... Sharing the Pain of COVID-19

From Next Month, 30% Salary Return for Heads and 10% for Executives for 4 Months

Panoramic View of the Small and Medium Business Corporation

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 31st that it will participate in the management's salary return to overcome the novel coronavirus infection (COVID-19).

From next month, the corporation will return 30% of the salary of the head of the institution and 10% of the executives' salaries for four months. This is to share the national pain caused by the spread of COVID-19 and fulfill the social responsibility of public institutions.

The funds raised through this salary return will be used as resources to support the revitalization of the economy for small and medium-sized enterprises and small business owners experiencing management difficulties due to COVID-19.

Jo Jeong-gwon, Acting Chairman of the Small and Medium Business Corporation, said, "I hope this will be of some help to small and medium-sized enterprises and small business owners who are going through difficulties," and added, "The corporation will do its best to overcome the crisis of small and medium-sized enterprises and revitalize the domestic economy through prompt policy fund support."

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