Road Traffic Authority and Labor-Management Joint Fund Contribution for Regional Economic Revitalization

From the left, Lee Jong-sang, Chairman of the Road Traffic Authority Labor Union, Yoon Jong-gi, Chairman of the Road Traffic Authority, Won Chang-mook, Mayor of Wonju City, Lee Seung-seop, Director of Gangwon-do Economic Promotion Agency. / Photo by Road Traffic Authority

[Asia Economy Reporter Lee Gwan-ju] On the 20th, the Korea Road Traffic Authority held a 'Business Agreement Ceremony for Creating Local Jobs to Spread the Culture of Social Contribution Sharing' at Wonju City Hall in Gangwon Province and donated 300 million KRW to the Gangwon-do Economic Promotion Agency.

The fund donated by the Authority was prepared by voluntarily returning the early introduction incentives paid during the introduction of the performance-based pay system in 2016 by its executives and employees. It was agreed by labor and management to use it for realizing social values such as providing stable jobs for local companies and promoting local job creation.

This fund will be used for employment stabilization and job creation of small and medium-sized enterprises in the Gangwon region affected by the spread of the novel coronavirus infection (COVID-19).

Yoon Jong-gi, Chairman of the Korea Road Traffic Authority, expressed gratitude to the executives, employees, and labor union who actively participated in voluntarily returning incentives and donating funds for realizing social values, saying, "We will continue to faithfully fulfill our social responsibilities as a public institution, including supporting local job creation."

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