Gwangju Bank Employees and Executives from Chosun University Protest Over Losing Main Banking Account

Hundreds of employees of Gwangju Bank, who are alumni of Chosun University, expressed their protest over the bank's failure to be selected as Chosun University's main banking partner.

On the 19th, about 420 employees announced that they had delivered a petition to Chosun University.

They visited Min Young-don, president of Chosun University, and expressed deep regret, stating, "In the recent announcement for the selection of the main banking partner, evaluation criteria and scoring standards were presented that favor commercial banks with low contributions to the local community, while being absolutely disadvantageous to Gwangju Bank, which has a very high contribution to the regional economy."

They also criticized, "Chosun University, through evaluation criteria favorable to commercial banks, has abandoned the trust and cooperative relationship with our bank, which has accompanied the university for over 50 years, and selected the main banking partner solely based on economic logic."

Furthermore, they pointed out, "Gwangju Bank has been practicing coexistence with local universities by hiring more than 26% of its total employees and over 50% of its interns in the past 10 years from Chosun University alumni. Therefore, the result of this open competitive bidding brings great disappointment to our local community."

The Gwangju Bank labor union also recently issued a statement titled 'Condemning Chosun University for Betraying Regional Coexistence.'

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