HF Contributes to the Public Workers Solidarity Fund
- Date 2019-03-19
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HF Contributes to the Public Workers Solidarity Fund
- The Fund aims to promote social values by addressing job shortages and supporting socially vulnerable groups
Korea Housing Finance Corporation (HF, CEO Lee Jung-Hwan) announced on March 19, 2019, that it held a ceremony jointly with its labor union (led by Jung Young-Seok) to launch the Public Workers Solidarity Fund Foundation at its office in Jongno-gu, Seoul.
The Fund is a public foundation established with funds voluntarily contributed by the management and employees of public organizations. The primary business goals of the fund are ▲ to create jobs for youth, ▲ to improve the treatment of non-regular workers, and ▲ to offer scholarships.
The Fund was launched after HF management and employees reached an agreement to use the incentives that HF employees voluntarily return to create social value. They received the incentives as part of HF’s early-adopted performance-based compensation program. The funds contributed by HF employees will be used to improve the employment environment, support socially vulnerable groups, and address other social issues.
HF CEO Lee Jung-Hwan said, “As we, the management and employees of a public agency, agreed to lead efforts to resolve social issues, we’ve decided to contribute these funds to that end. We hope that this Fund will help address social problems, such as job shortages and non-regular jobs.”
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HF CEO Lee Jung-Hwan (left), HF Labor Union Leader Jung Young-Seok (right), and President of Public Workers Solidarity Foundation Lee Byeong-Hoon held a ceremony to celebrate the launch of the Fund at its office in Jongno-gu, Seoul, and posed for a photo on the 19th.
