Shareholder Gives Tonic to Company Employees
As local stock markets continued to fall, one stockholder of Intz.com made the news by giving bottles of tonic to its employees. Now, other shareholders of the company are joining the campaign to improve the firm's health, if only symbolically.The unlikely trendsetter, Cha Kwang-mi, a homemaker raising two children, says, "The employees at listed companies are handling our money - if they fail, we fail."
Her initiative is gaining momentum, with about 70 stockholders contributing $1,500 to her cause so far.
Cha invested $100 to buy 20 stocks of Intz.com on the off-board market in March, and taking into consideration a series of stock splits and a bearish market, she is left with about $50.
Jung Kwang-su, chief of program development at Intz.com says, "I was deeply touched by her gesture."
by Won Nak-yeon
with the Korea JoongAng Daily
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