The Ministry of Finance and Economy at the Government Complex Sejong. [Photo by Kim Yoo-jin]
The government awarded special bonuses totaling 30 million won to Ministry of Finance and Economy officials credited with key achievements, including responses to the Middle East war and efforts to secure inclusion in the World Government Bond Index, or WGBI.
The ministry said it held its first special performance awards ceremony on the 27th during an expanded senior staff meeting chaired by Deputy Prime Minister and Finance Minister Koo Yun-cheol. It selected 24 employees for raising the ministry’s standing and contributing to the national interest.
The top honor, the “Public Impact Grand Prize,” went to six people including Choi Bong-seok, a senior official in the Comprehensive Policy Division. They received 10 million won for building an emergency response system after the Middle East war broke out in February, including round-the-clock monitoring of the macroeconomy and prices through a standing joint emergency task force with related agencies.
The “Value Creation Award” went to three people including Park Se-woong, an official in the Foreign Exchange System Division. The ministry said they were recognized for persuading overseas investors and relevant authorities and preparing a won temporary borrowing (OD) plan, leading to confirmation of South Korea’s WGBI inclusion despite opposition from some investors. Winners received 6 million won.
The “Future Growth Award” went to two teams, each receiving 4 million won. One team, including Jang Woo-jin of the Foreign Exchange System Division, was cited for resolving financial settlement difficulties during the import process for Russian crude oil and petroleum products, helping stabilize companies’ raw material supplies. Another team, including Jeong Yeo-jin, a director in the Strategic Economy Coordination Division, was recognized for supporting swift legislation of the “Korea-U.S. Strategic Investment Special Act” to help ease external uncertainty.
The “Diligence and Advancement Award” went to three teams, each receiving 2 million won. The ministry said one team, including Kim Ji-eun, a supply chain response officer, created a 1.5 trillion won “Special Support for Middle East Damage Response” program. Another team, including Cho Jung-yeon, a team leader in the Treasury General Division, pushed a pilot project for blockchain-based treasury disbursements. Cho Seong-a, an official in the Tax Policy Office, was also included after developing an AI chatbot to help interpret rules for exchanging information on crypto assets.
The ministry said 20% of the bonuses were paid in Onnuri gift certificates, describing it as a way to share rewards with small merchants and local commercial districts.
Koo said the ministry plans to provide clear incentives to employees who deliver exceptional results to foster a more performance-driven workplace.
The ministry said it held its first special performance awards ceremony on the 27th during an expanded senior staff meeting chaired by Deputy Prime Minister and Finance Minister Koo Yun-cheol. It selected 24 employees for raising the ministry’s standing and contributing to the national interest.
The top honor, the “Public Impact Grand Prize,” went to six people including Choi Bong-seok, a senior official in the Comprehensive Policy Division. They received 10 million won for building an emergency response system after the Middle East war broke out in February, including round-the-clock monitoring of the macroeconomy and prices through a standing joint emergency task force with related agencies.
The “Value Creation Award” went to three people including Park Se-woong, an official in the Foreign Exchange System Division. The ministry said they were recognized for persuading overseas investors and relevant authorities and preparing a won temporary borrowing (OD) plan, leading to confirmation of South Korea’s WGBI inclusion despite opposition from some investors. Winners received 6 million won.
The “Future Growth Award” went to two teams, each receiving 4 million won. One team, including Jang Woo-jin of the Foreign Exchange System Division, was cited for resolving financial settlement difficulties during the import process for Russian crude oil and petroleum products, helping stabilize companies’ raw material supplies. Another team, including Jeong Yeo-jin, a director in the Strategic Economy Coordination Division, was recognized for supporting swift legislation of the “Korea-U.S. Strategic Investment Special Act” to help ease external uncertainty.
The “Diligence and Advancement Award” went to three teams, each receiving 2 million won. The ministry said one team, including Kim Ji-eun, a supply chain response officer, created a 1.5 trillion won “Special Support for Middle East Damage Response” program. Another team, including Cho Jung-yeon, a team leader in the Treasury General Division, pushed a pilot project for blockchain-based treasury disbursements. Cho Seong-a, an official in the Tax Policy Office, was also included after developing an AI chatbot to help interpret rules for exchanging information on crypto assets.
The ministry said 20% of the bonuses were paid in Onnuri gift certificates, describing it as a way to share rewards with small merchants and local commercial districts.
Koo said the ministry plans to provide clear incentives to employees who deliver exceptional results to foster a more performance-driven workplace.
* This article has been translated by AI.
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