Chairman Heo Chang-soo Urges "Coexistence with Partners and Rural Communities"… Requests Early Payment for Deliveries

Sending a Letter to Member Companies Ahead of Chuseok

Huh Chang-soo, Chairman of the Federation of Korean Industries, is announcing the 'Urgent Economic Proposal' in response to the spread of COVID-19 at the Federation of Korean Industries building in Yeouido, Seoul, on the 25th. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Dongwoo Lee] Ahead of Chuseok, the first since the outbreak of the novel coronavirus infection (COVID-19), Huh Chang-soo, Chairman of the Federation of Korean Industries (FKI), has requested member companies to participate in win-win activities.

On the 14th, the FKI announced that Chairman Huh urged member companies through a letter to pay subcontracting fees early and to promote coexistence with rural communities by sending Chuseok gifts made from "our agricultural products."

Chairman Huh appealed, "Even amid the resurgence of COVID-19 and the hardships caused by the monsoon and typhoons, I ask our companies to fulfill their roles."

He added, "As we face the first holiday since the spread of COVID-19, please cooperate with quarantine authorities and walk together with subcontractors and rural communities. I hope this Chuseok will be a meaningful holiday where the business community overcomes difficulties together as a member of society through coexistence."

The FKI explained that this letter aligns with the recently discussed campaign to send Chuseok gifts and hopes to help restore the holiday atmosphere, which could be dampened by recommendations to refrain from traveling during Chuseok.

Meanwhile, the FKI has been striving for coexistence between partner companies and rural communities through efforts such as surveys urging early payment of subcontracting fees and the "One Company, One Village Sisterhood Campaign."

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