[Full Text] Simon An Jeong-ho, CEO of Simmons, Grants Special Bonus of 1.47 Billion KRW to Employees and Partners

Special Bonus of 10% Operating Profit Paid Last Year
Distributed Regardless of Position or Years of Service...Estimated Around 500 People
"Let's Trust Each Other, Care for Those Around Us, and Overcome Together"

Simon An, CEO of Simmons

[Asia Economy Reporter Kim Bo-kyung] Simonseu CEO Ahn Jeong-ho will distribute a total of 1.47 billion KRW in incentive bonuses to about 500 employees of the headquarters and partner companies.

On the morning of the 22nd, CEO Ahn announced via email that a portion of Simonseu Bed's operating profit from last year would be given as a special incentive bonus to all employees and partner company staff.

The incentive bonus amounts to 10% of last year's operating profit of 14.7 billion KRW, totaling 1.47 billion KRW, and was distributed regardless of rank or years of service. The recipients are estimated to be around 500 people.

CEO Ahn stated, "To express our gratitude and considering the disaster situation caused by COVID-19, we intend to share a portion of the 2020 operating profit with our employees and the partner company staff who have worked hard together."

He encouraged, "Although many uncertainties remain this year, let's overcome them together by trusting, relying on each other, and being considerate of those around us."

This is not CEO Ahn's first act of sharing. In June last year, he returned a portion of his own salary to provide 300,000 KRW in disaster relief funds to all employees. This decision was made to help revive the economy frozen by COVID-19.

In March last year, he implemented a 1 billion KRW support plan for distribution stores to assist dealership owners and consignment sales agents affected by COVID-19.

Email from Simon An Jeong-ho, CEO of Simmons, to employees [Provided by Simmons]

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