POSCO FutureM supports the purchase of employee stock ownership

COMPANY / Reporter Kim Jisun / 2023-04-17 17:47:08
This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
 (사진=연합뉴스)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] POSCO Future M has started to support the purchase of treasury stocks to induce long-term employee service.

POSCO Future M announced on the 17th that in addition to general performance compensation for its employees, it is allowing them to retain treasury stocks in the long run to increase their sense of belonging and immerse themselves in enhancing performance.

The one-on-one matching program for employee stock ownership, which has been in effect since last year, is a system in which the company adds shares to the number of shares purchased by employees.

If employees buy shares within the 2 million won limit, the company will pay the number of shares of the same amount so that they can share corporate value gains from the company's growth. Treasury stocks supported to induce long-term service will be recovered if the company retires less than three years after four years of protection.

Last year, 88.4% of all employees participated in the one-on-one matching program and distributed a total of 19,152 shares to employees who applied by the company. The stock purchase price is 160,783 won, and the current stock price has more than doubled. This year, it is also conducting a one-on-one matching program, with 93.7% of all employees subscribing.

 

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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