Korea Mine Reclamation Corporation Executives Return 30% of Salary for 4 Months to Support COVID-19 Response

Lee Cheong-ryong, Chairman of the Korea Mine Reclamation Corporation

[Asia Economy Reporter Kim Bo-kyung] The Korea Mine Reclamation Corporation is joining the movement to return executive salaries to overcome the novel coronavirus infection (COVID-19).

On the 7th, the corporation announced that executives, including the chairman and standing directors, will voluntarily return 30% of their salaries each month for four months, and the funds will be used to support local communities in response to COVID-19.

In addition, measures to revitalize the local economy will be promoted, including ▲ purchasing goods to support local communities and small business owners in mining areas ▲ using traditional markets and local restaurants ▲ early budget execution, as well as ▲ providing PCs to resolve difficulties caused by online school openings.

Lee Cheong-ryong, chairman of the corporation, said, "We decided to return salaries through the voluntary participation of executives to share the pain with local communities and residents," adding, "We will continue to fulfill our social role as a public institution."

Earlier, to overcome COVID-19, the Mine Reclamation Corporation supported masks to seven traditional markets in Wonju, the Wonju Multicultural Family Support Center, and the Taebaek Hospital of the Korea Workers' Compensation and Welfare Service last month.

Employees of the corporation’s Technology Research Institute are also actively engaged in various social contribution activities, such as voluntarily collecting technology fee incentives and donating 2 million won to Wonju City.

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