SK Innovation Labor and Management Deliver 220 Million KRW in Partner Company Happiness Support Funds to Ulsan City

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters, Trainee Reporter Hwang Du-yeol] On the 21st, Ulsan City held a “Happiness Support Fund Delivery Ceremony for SK Innovation Small and Medium-sized Partner Company Employees’ Happiness Promotion and Regional Economic Revitalization” in the mayor’s reception room.

The ceremony was attended by Song Cheol-ho, Mayor of Ulsan; Choi Dong-taek, Director of the Korea Workers’ Compensation and Welfare Service; Park Jong-deok, Director of the SK Equipment Partner Company Fund Corporation; Yoo Jae-young, Executive Vice President of SK Innovation; and Lee Seong-hoon, Chairman of the Labor Union, among others.

The happiness support fund of 220 million KRW delivered was jointly raised by SK Innovation’s labor and management.

To revitalize the local commercial district, SK purchased the support fund in Onnuri gift certificates. The purchased gift certificates were distributed at 100,000 KRW per person to 2,200 employees of 25 in-house partner companies.

Ulsan City and the districts/counties also signed a labor-management-civil agreement at the Economic, Social, and Labor White Paper Conference in April to activate fund formation and supported 372 million KRW to six corporations in the jurisdiction.

The fund formation aims to promote win-win cooperation between large and small-medium enterprises and improve the welfare of small and medium-sized enterprise workers.

The city supported 70 million KRW to the SK equipment partner company corporation holding the delivery ceremony.

SK Innovation sponsored 600 million KRW as a joint labor welfare fund, added partner company sponsorship of 106 million KRW, support of 70 million KRW from Ulsan City and Nam-gu, and 770 million KRW from the Korea Workers’ Compensation and Welfare Service, creating a total joint labor welfare fund of 1.546 billion KRW to promote welfare projects for partner company workers.

An SK Innovation official said, “We decided to support 220 million KRW in happiness support funds in Onnuri gift certificates to contribute to the happiness promotion of SK equipment partner company employees and the revitalization of the weakened local economy.”

Park Jong-deok, Director of the SK Equipment Partner Company Fund Corporation, said, “We expect the happiness support fund to greatly help increase the happiness and morale of our partner company employees.”

An Ulsan City official said, “We will strive to develop the joint labor welfare fund project for small and medium-sized enterprise workers into a regional win-win fund.”

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