Exchange and Koscom to Return 30% of Salaries for Executives and Institution Heads for 4 Months

[Asia Economy Reporter Song Hwajeong] Korea Exchange and Koscom announced on the 1st that they have decided to return 30% of the salaries of executives, including institution heads, for four months to support the underprivileged and vulnerable groups struggling due to the novel coronavirus infection (COVID-19).

The funds raised through the salary return will be delivered to donation destinations designated by each institution and used for support projects for small business owners and low-income groups suffering from a sharp decline in sales caused by COVID-19.

A representative of the Exchange said, "Both institutions plan to continue carrying out projects to support small business owners and low-income groups in the future, fulfilling their corporate social responsibility."

Korea Exchange and Koscom are making continuous efforts to overcome COVID-19, including donating cash and goods worth a total of 265 million won to the Community Chest of Korea (Daegu, Gyeongbuk, and Busan branches) and Yeongdeungpo District Office.

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