Did the President donate my disaster relief fund? … Four large financial stakes “do not interfere”

Check-in 2020.05.09 07:00

After NACF and Meritz Financial Group announced that they would donate urgent disaster aid funds in a different way than the wishes of employees, some employees of the financial company became concerned and said, “Are we also receiving ‘donations’?” “Doubling” means that a financial company makes a loan to a customer and is, in fact, an act of obligingly encouraging a deposit and savings.

Major financial companies have a position that whether or not to donate disaster relief funds is a matter of individual employees, and the company will not catch up. According to the 9th Financial Industry, none of the major companies are promoting disaster donation at the company level.

Earlier, Meritz Finance announced that the 2,700 employees with an annual salary of more than 50 million won will participate in the donation of disaster relief funds. The company and the union agreed, regardless of the intention of each employee. The Nonghyup also announced on the 5th that about 5,000 executives and affiliate executives and regional affiliates will voluntarily participate in the donation. Agricultural Cooperatives also announced the donation first, without informing the parties that they need to donate. Employees of Agricultural Cooperatives and Meritz Finance, who had no intention of making a donation, were forced to participate in the donation, regardless of their intention. However, a Meritz Finance official explained: “Employees plan to make the donation participation on a voluntary basis, and company support will be provided to employees who participate in the donations.”

President Moon Jae-in has stated that he will donate disaster relief funds, and ruling party leaders and senior government officials are participating in the donation. The second agricultural cooperative and the second Meritz were predicted to emerge from the financial sector, where the government had little choice but to do.

However, most financial companies responded that donating disaster support funds was a matter of individual decision and not of the company level. An official with a portfolio finance company said: “It is an absurd idea to say that the company has state-provided disaster relief funds. The portfolio finance company said it would not be a party to the disaster relief arrangement of the employee.

Other financial companies are in the same position. The top four financial holding companies said they had no plans to compel employees to donate disaster support funds at the company level. Commercial banks and major financial companies, such as insurance companies, credit card companies, and securities companies, also shared similar positions. A commercial bank official said: “The banker can personally donate disaster aid, but it is a matter of employees deciding to participate in the donation.”

The same goes for financial institutions. In March, public financial institutions participated in the campaign to return wages to support the new coronavirus infection (Corona19). At that time, when the government announced that it would return 30% of the salaries of high-ranking officials, nine public financial institutions also said they would return 30% of their salaries for four months. For this reason, some governments are also considering participating in the government-funded donation process.

Financial institutions said that returning wages to support the crown and donating disaster aid was completely different. The explanation is that returning the salary received as an employee of a public institution and donating disaster aid received as one of the citizens are different areas.