KIAT Awards 10% of 'COVID-19 Overcome' Performance Bonuses as Onnuri Gift Certificates
[Asia Economy Reporter Kim Bo-kyung] The Korea Institute for Advancement of Technology (KIAT) announced on the 31st that, as part of sharing the burden caused by the novel coronavirus infection (COVID-19), a portion of the performance-based bonuses from management evaluations was paid in Onnuri gift certificates.
KIAT reached an agreement with the labor union to pay part of the performance bonuses in Onnuri gift certificates to revitalize the local economy, and with the consent of employees who voluntarily expressed their intention, 10% of the total performance bonus amount was paid in gift certificates.
Earlier in March, KIAT raised disaster relief funds and delivered them to medical institutions in Daegu, and Director Seok Young-cheol participated in overcoming COVID-19 by returning 30% of his salary for four months.
Hot Picks Today
Dramatic Agreement Reached on Eve of Samsung Electronics General Strike... Minister Kim Young-hoon: "Showcased Korea's Strength in Dialogue" (Update)
- "It Has Now Crossed Borders": No Vaccine or Treatment as Bundibugyo Ebola Variant Spreads [Reading Science]
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Director Seok said, "As a public institution employee, I decided to use part of the performance bonus to revitalize the local economy to share the difficulties of the local community," adding, "I hope this will be a small help to small business owners."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
