DGB Financial Joins Salary Return... Executives Return 20-40% of Their Salaries
[Asia Economy Reporter Kim Min-young] DGB Financial Group and DGB Daegu Bank announced on the 6th that their management will partially return their salaries to share the burden caused by the novel coronavirus infection (COVID-19).
Chairman and CEO Kim Tae-oh of the financial group will return 40% of his monthly salary from this month until July. CEOs of financial affiliates (securities, life insurance, capital, asset management) will return 30% of their monthly salaries during the same period, and executives of the financial group and Daegu Bank will return 20% of their monthly salaries.
The returned salaries will be used as funds to support vulnerable groups in the region, including small and medium-sized enterprises and small business owners who are suffering due to COVID-19.
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Chairman Kim said, “This initiative was undertaken to share the pain through the salary return of DGB Financial management,” adding, “We will proactively respond to the uncertain business environment caused by the impact of COVID-19 and do our best to revive the local economy through prompt financial support.”
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