Food Delivery Tycoon to Incentive Staff from Own Pocket
13 March, 2021
Kim Bong-Jin, who founded Korea's greatest food delivery software Baedal Minjok, gives W100 billion worthy of of stock options and various other bonuses to all or any of staff by experiencing his own pockets (US$1=W1,132).
Around 1,700 staff members at parent enterprise Woowa Brother and its own branches in the home and overseas might receive between W20 million and W50 million worth of commodity. Food delivery drivers who have worked for greater than a year are certain to get between W2 million and W5 million worth.
The stocks will be valued at the closing value of 105.95 euros on March 2 on the Frankfurt STOCK MARKET, where Germany's Delivery Hero is outlined. Delivery Hero decided to get Woowa in December 2019 and finished the takeover on your day.
But the stocks will not be paid to staff until 3 years later under the deal with Delivery Hero.
Kim will also give W1 million in cash to delivery personnel who have worked for under a year, while 830 temporary workers are certain to get W1-1.5 million per person.
Woowa Brothers said the objective of the benefit is to "express our gratitude to our employees, who formed an essential factor of our company's expansion, and cooperate further to share the fruits of our future development."
Previously, Kim and his wife Sul Bo-mi pledged to donate 50 % of their total riches of more than W1 trillion to charity under the Presenting Pledge started by Expenses and Melinda Gates and Warren Buffet.
Woowa clarified that the bonus is not part of the Giving Pledge. "I want to present my personal gift expressing my heartfelt gratitude for all of those who proved helpful hard as we face a bigger obstacle by branching out into Asia," Kim said.
He leaves for Singapore down the road this month to oversee Delivery Hero's Asian business operations.
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