DGB Financial Group Executives Return Salaries for 4 Months to Support Overcoming COVID-19

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] DGB Financial Group and DGB Daegu Bank announced on the 6th that the chairman, executives of the holding company and the bank, and CEOs of financial affiliates have decided to return part of their salaries to help small business owners and vulnerable groups struggling due to the novel coronavirus infection (COVID-19).

Kim Tae-oh, Chairman of DGB Financial Group and CEO of the bank, will return 40% of his monthly salary from April to July. CEOs of financial affiliates (securities, life insurance, capital, asset management) will return 30% of their monthly salary during the same period, and executives of DGB Financial Group and DGB Daegu Bank will return 20% of their monthly salary.

The salaries returned by the executives of DGB Financial Group will be used as funds to support vulnerable groups in the region, including small and medium-sized enterprises and small business owners who are experiencing difficulties due to COVID-19.

Separately, starting from the 6th, DGB Daegu Bank is providing application reception desks at all branches in Daegu City to facilitate smooth applications for the 'Daegu City COVID-19 Emergency Living Expense Support.' From the 16th, staff will be dispatched to Daegu City Administrative Welfare Centers (139 locations) to handle prepaid card and gift certificate distribution.

Chairman Kim Tae-oh stated, "Through the salary return of the management of DGB Financial Group, we want to share the pain of the citizens," and added, "We will do our best to revive the local economy through prompt financial support while proactively responding to the uncertain management environment caused by the impact of COVID-19."

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