Financial Supervisory Service Executives Return 30% of Their Salaries for 4 Months
On the 26th, Governor Yoon Seok-heon visited the 'COVID-19 Damage Support Dedicated Counter' and the 'KB SOHO Consulting Sadang Center' at KB Kookmin Bank Sadang-dong Branch to check whether financial support for small and medium-sized enterprises, small business owners, and self-employed individuals affected by COVID-19 is being promptly provided at frontline counters. He also directly listened to the difficulties faced on-site.
[Asia Economy Reporter Kangwook Cho] Yoon Seok-heon, Governor of the Financial Supervisory Service (FSS), along with other FSS executives, has decided to return a portion of their salaries to share the burden caused by the spread of the novel coronavirus disease (COVID-19).
The FSS announced on the 31st that, as a voluntary decision by the executives, they will return part of their salaries to share the pain with small and medium-sized enterprises and self-employed individuals severely affected by COVID-19, and to join all citizens in the prompt overcoming of the pandemic.
Accordingly, FSS executives including Governor Yoon, auditors, senior deputy governors, deputy governors, heads of the Financial Consumer Protection Bureau, deputy heads, and accounting expert committee members will return 30% of their salaries for four months.
Previously, the FSS purchased relief supplies from two social enterprises with 20 million won raised through donations from executives and department heads and social contribution funds in the special COVID-19 management areas of Daegu and Gyeongbuk, and delivered them. In addition, about 15 million won in COVID-19 donations raised through voluntary participation of employees was also donated to the Community Chest of Korea (Daegu branch).
An FSS official stated, "The salaries returned by the executives will be used to support small business owners, self-employed individuals, and others affected by COVID-19."
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