Nine Heads of Financial Public Institutions Donate 30% of Their Salaries for Four Months

[Asia Economy Reporter Kim Min-young] Heads and executives of nine financial public institutions have decided to donate 30% of their salaries for four months to overcome the novel coronavirus disease (COVID-19).

According to the financial sector on the 30th, the institutions participating in this salary donation are the Korea Inclusive Finance Agency, Korea Credit Guarantee Fund, Korea Deposit Insurance Corporation, IBK Industrial Bank of Korea, KDB Industrial Bank, Export-Import Bank of Korea, Korea Securities Depository, Korea Asset Management Corporation, and Korea Housing Finance Corporation.

The heads of the nine financial public institutions stated, "The returned salaries will be delivered to donation organizations designated by each institution and will be used to support small business owners and low-income groups who are facing difficulties due to a sharp decline in sales caused by COVID-19." They added, "We hope this will provide even a little help to the common people and vulnerable groups who are experiencing the greatest difficulties during this crisis."