President of Shinbo Central Association Returns 30% of Salary for 4 Months... "Joining Efforts to Overcome COVID-19"
Kim Byung-geun, President of the Korea Credit Guarantee Fund Central Association. Photo by Asia Economy DB
View original image[Asia Economy Reporter Moon Hyewon] The Korea Credit Guarantee Fund (KODIT) announced on the 31st that it will participate in the salary return relay to overcome the damage caused by the novel coronavirus infection (COVID-19).
According to KODIT on this day, for the next four months, Chairman Sim Byung-geun will return 30% of his salary, and executives will return 10% of their salaries.
The funds raised through the salary returns will be used for financial support and other purposes to provide practical assistance to affected self-employed individuals and small business owners in the future.
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Chairman Kim said, "I participated in the salary return movement rising across various sectors of society to share the difficulties faced by small business owners suffering severe pain due to the prolonged COVID-19 situation," adding, "We will also do our best to promptly supply guarantees to meet the urgent funding needs of self-employed individuals and small business owners, such as rent and wage payments."
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