KF Employees Donate 20 Million Won in Donations... Employee Salary Deductions and 10% Return of Executive Performance Bonuses

Some Employee Bonuses Paid with Onnuri Gift Certificates, Pursuing 'Local Coexistence'

[Asia Economy Reporter Lim Cheol-young] Employees of KF (Korea Foundation for International Exchange) are donating 20 million KRW to support socially vulnerable groups.

According to KF on the 17th, employees from the Jeju headquarters, two domestic offices, and eight overseas offices voluntarily raised funds by deducting from their salaries. In addition to the funds collected by employees, some of the management evaluation performance bonuses (10%) voluntarily returned by executives (Chairman and two Standing Directors) were also added.

All employees united their hearts to share the pain of the people exhausted by the ongoing spread of COVID-19, flood damage caused by heavy rains, and consecutive typhoon damages. The donated funds will be used in cooperation with the National Disaster Relief Association, the Korea Workers' Compensation & Welfare Service's Welfare Promotion Fund, and the Eden Welfare Foundation to support the livelihood and employment stability of vulnerable groups.

Separately from the above donation, KF also expressed its commitment to 'regional coexistence' by providing 14.8 million KRW of employees' management evaluation performance bonuses in the form of Onnuri gift certificates. This decision was made entirely through voluntary agreement between labor and management.

Lee Geun, Chairman of KF, stated, “All employees shared the intention to gather small strength and send support to our neighbors who are very exhausted,” and added, “We will continue efforts to spread social value in the future.”

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