Accuon Savings Bank Concludes Labor-Management Agreement... First Year-End Completion in a Decade

"Achievement Realized Just Six Months After CEO Kim Heesang Took Office"

Accuon Savings Bank announced on December 8 that it concluded a wage and collective agreement (labor-management agreement) at its headquarters in Gangnam-gu, Seoul, on December 3. For the first time in over a decade, the agreement was reached before the end of the year. This achievement comes just six months after CEO Kim Heesang took office.

At the "2025 Wage and Collective Agreement Signing Ceremony" held on the 3rd at the headquarters in Gangnam-gu, Seoul, key stakeholders including CEO Kim Heesang (first row right) and Yoon Seunghyun, Chairperson of the Nationwide Office Finance Service Labor Union Accuon Savings Bank Branch (first row left), are taking a commemorative photo. Accuon Savings Bank

According to Accuon Savings Bank, the company experienced labor disputes for the past two consecutive years, but under CEO Kim's leadership, the first labor-management agreement was reached within the year without any disputes.

From the moment he took office, CEO Kim emphasized mutual respect and coexistence between labor and management as his management philosophy, focusing on restoring trust. Both sides were able to quickly find common ground and negotiate without conflict.

At the signing ceremony, Accuon Savings Bank also adopted a joint labor-management declaration to address the climate crisis. The declaration includes commitments to social responsibility for carbon neutrality, as well as genuine actions and cooperation between labor and management. With this declaration, labor and management will continue their partnership beyond the conclusion of the wage and collective agreement, extending it to ESG (Environmental, Social, and Governance) management.

CEO Kim stated, "It is significant that both labor and management prioritized organizational stability and the future of our members to find common ground, despite challenging circumstances. Moving forward, Accuon Savings Bank will continue to build a better working environment and organizational culture based on mutual trust between labor and management."

Yoon Seunghyun, Chairperson of the Nationwide Office Finance Service Labor Union Accuon Savings Bank Branch, said, "This has served as an opportunity to restore trust through communication between labor and management. No matter what difficulties may arise in the future, as long as both sides are committed to putting employees first and creating a stable workplace, we can maintain a trustworthy labor-management relationship."

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