Energy Corporation Distributes Employee Performance Bonuses Using Local Gift Certificates

[Asia Economy Reporter Moon Chaeseok] The Korea Energy Agency announced on the 16th that it will pay part of the performance bonuses from management evaluations in local gift certificates to help small business owners in the region struggling due to the novel coronavirus infection (COVID-19).

The labor and management of the agency agreed to replace part of the performance bonuses with local gift certificates according to the employees' voluntary will.

As a result, the agency reported that the amount employees agreed to receive as performance bonuses in local gift certificates and the amount voluntarily returned by executives accounted for about 10% of the total management evaluation performance bonuses.

An agency official stated, "This local gift certificate payment is a case of fulfilling the social responsibility of a public institution by eliciting voluntary participation from executives and employees for regional revitalization."

The Energy Agency has received an A grade in the government management evaluation for three consecutive years since 2017.

Kim Changseop, the agency's director, said, "I hope the hearts of the agency's executives and employees will help the local community, especially the purchase of products from small business owners, even if just a little. Although the agency's staff is small, if all citizens join forces together, we can overcome the COVID-19 crisis, and the agency will also actively strive to overcome the crisis with the people."

Korea Energy Agency headquarters building. (Photo by Korea Energy Agency)

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