Ebest Investment & Securities Enters Emergency Management System... Executive Salaries Deferred by 20%
[Asia Economy Reporter Lee Jung-yoon] As securities firms' profits sharply declined in the first half of this year, some securities companies have entered an emergency management system.
According to the related industry on the 2nd, Ebest Investment & Securities announced to all employees on the 1st of this month that it will start emergency management.
Among executives' monthly salaries, 20% of the payment will be withheld, and business promotion expenses for the support and sales departments will be cut by 30% and 20%, respectively. The emergency management system is planned to be maintained until the end of this year.
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An official from Ebest Investment & Securities explained, "Considering the overall uncertainty of recent market conditions, we want to stay alert."
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