Pohang Steelworks Purchases 4.3 Billion Won Worth of Local Love Gift Certificates ... 500,000 Won Each for Employees

POSCO partners also plan to pay 4.5 billion KRW in gift certificates worth 500,000 KRW each to 9,000 employees

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] POSCO Pohang Steelworks purchased local currency worth over 4.3 billion KRW ahead of Chuseok and distributed 500,000 KRW per person to about 8,600 employees.

According to POSCO on the 10th, Pohang Steelworks purchased Pohang Sarang Gift Certificates on the 8th and distributed 500,000 KRW each to employees residing in Pohang.

This local currency gift certificate distribution was agreed upon by the labor union (Chairman Kim In-cheol) and for the revitalization of the local economy, following the opinion of POSCO Chairman Choi Jeong-woo to "consider purchasing local gift certificates to help revive the local economy during difficult times," according to POSCO.

On the 9th, Pohang Mayor Lee Kang-deok invited Nam Soo-hee, head of Pohang Steelworks, and Kim In-cheol, labor union chairman, expressing gratitude by saying, "During these difficult times due to COVID-19 and typhoon damage, this decision will greatly help revitalize the local economy and support citizens."

Meanwhile, POSCO partner companies in the Pohang area also plan to purchase Pohang Sarang Gift Certificates by each company and distribute a total of 4.5 billion KRW, 500,000 KRW per person, to about 9,000 employees before Chuseok.

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