BNK Busan Bank, First Bank to Win Grand Prize in Large Enterprise Category at Korea Labor-Management Cooperation Awards... Win-Win Management, 55 Years Without Labor Disputes

Regional Economic Revitalization and Social Issue Resolution: Committed to Fulfilling the Role of Local Banks

On the 17th, BNK Busan Bank received the 'Grand Prize' in the large enterprise category at the 34th Korea Labor-Management Cooperation Awards. (From left: Kim Daesung, Senior Vice Chairman of Busan Bank; An Gamchan, President of Busan Bank; Sohn Kyung-shik, Chairman of the Korea Employers Federation; Kim Dongmyeong, Chairman of the Federation of Korean Trade Unions)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Labor-management cooperation, win-win management, 55 years of establishment without labor disputes... BNK Busan Bank became the first bank to win the ‘Korea Labor-Management Cooperation Award.’

On the 17th, BNK Busan Bank received the ‘Grand Prize’ in the large enterprise category at the ‘34th Korea Labor-Management Cooperation Award Ceremony’ held at the Chosun Hotel in Sogong-dong, Seoul.

The Korea Labor-Management Cooperation Award was established in 1989 by the Korea Employers Federation to promote corporate and national economic development through a sound labor-management culture. Each year, exemplary companies that have overcome crises and grown through labor-management cooperation are selected and awarded.

Busan Bank was highly evaluated for maintaining a labor dispute-free status since its founding in 1967 based on a cooperative labor-management relationship founded on mutual respect and trust, actively practicing win-win management such as revitalizing the regional economy and fulfilling social responsibilities.

This is the first time a bank has received the Korea Labor-Management Cooperation Award.

The event was attended by key labor-management figures such as Lee Jeong-sik, Minister of Employment and Labor, Kim Dong-myeong, Chairman of the Korean Confederation of Trade Unions, and Moon Sung-hyun, Chairman of the Economic and Social Labor Council, who encouraged the labor-management representatives of the awarded companies.

Busan Bank President Ahn Gam-chan said, “I thank all employees who have created a win-win and cooperative labor-management culture,” adding, “Labor and management will work together to wisely respond to the current situation of great uncertainty in the domestic and international economy, and we will not neglect the bank’s original role as a regional bank.”

Busan Bank Labor Union Chairman Kwon Hee-won also said, “We will do our best to continue Busan Bank’s proud labor-management culture,” and “Like the Busan-type Social Solidarity Fund, the first of its kind in Korea launched in 2019 through labor-management cooperation, we will carry out greater activities to solve regional and social issues.”

This year marks the 34th Korea Labor-Management Cooperation Award. The evaluation was based on six areas: ▲labor-management cooperation and welfare ▲promotion and success of productivity improvement campaigns ▲efforts and achievements in human resource development ▲status and prevention of industrial accidents ▲national and social contributions ▲management philosophy and practical efforts of top executives. The final awardees were selected through practical evaluation, main evaluation, and on-site inspection.

The main evaluation committee is chaired by Park Young-beom, Honorary Professor of Economics at Hansung University, and is composed of representatives from academia, media, business, and labor sectors.

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