18 public institutions, including KORAIL (Korea Railroad Corporation) and LH (Korea Land and Housing Corporation), were found to have received 'failed points' in the management evaluation of public institutions in 2021.



Organizations with poor financial conditions, such as KEPCO (Korea Electric Power Corporation), KHNP (Korea Hydro & Nuclear Power), Incheon International Airport Corporation, and Korea National Oil Corporation, were advised to voluntarily return incentives for their heads of departments, auditors, and executive directors.



The Ministry of Strategy and Finance held the Public Institution Steering Committee (Government Committee) chaired by the second Vice Minister of Strategy and Finance today (20th) and confirmed and announced the results of evaluating the management performance of 36 public corporations, 57 quasi-governmental institutions, and 37 small and medium-sized institutions.



As a result of the evaluation, three institutions received an overall grade of 'E (very poor)': Korea Maritime Transportation Safety Authority, Post Office Logistics Support Group, and KORAIL.



LH, Korea Forest Welfare Agency, Korea Youth Activity Promotion Agency, Korea Horse Society, Korea Construction Machinery Safety Management Agency, Korea Creative Content Agency, and National Institute of Ecology were 15 institutions that received 'D' (Insufficient).



'C (normal)' was 40, 'B (good)' was 48, and 'A (excellent)' was 23.



There was no 'S (excellent)' grade in the previous year, but Korea East-West Power received one this time.



The Public Transport Commission has recommended the dismissal of the head of the Korea Maritime Transportation Safety Authority, who is currently in office, among the eight institutions that received 'E' or 'D' for two consecutive years.



KORAIL, horse society,



The Public Service Commission issued warnings to the heads of three organizations, including LH, Forest Welfare Promotion Agency, and Youth Activity Promotion Agency, who met the requirements for tenure for more than 6 months among the organizations that received 'D'.



Enlarging an image


The Public Uncertainty Commission recommended voluntary return of incentives for the head of the institution, auditors, and executive directors to institutions in need of intensive self-rescue efforts due to deteriorating financial conditions.



KEPCO and its nine subsidiaries (Korea South-East Power, Korea Southern Power, Korea East-West Power, Korea Western Power, Korea Midland Power, KHNP, KEPCO E&C, KEPCO KDN, and KEPCO KPS) are the targets.



11 public companies with net loss in 2021 (Kangwon Land, Grand Korea Leisure, Korea Coal Corporation, Incheon International Airport Corporation, Incheon Port Corporation, SR Co., Ltd., Korea Airports Corporation) The same measures were taken for



In the evaluation of standing auditors and auditors of 63 institutions, including 28 public corporations and 34 quasi-governmental institutions, there were 3 'D', 20 'C', 34 'B', and 6 'A'.



This evaluation was made based on the 2021 Management Evaluation Manual, which was finalized at the end of December 2020.



Social value indicators such as job creation, equal opportunity and social integration, safety and environment, win-win cooperation and regional development, and ethical management accounted for 25 points out of 100.



In the wake of the real estate speculation by the Korea Land and Housing Corporation (LH) last year, the ethical management index increased from 3 points to 5 points.



However, considering that the management performance of public institutions deteriorated due to COVID-19 last year, the impact of COVID-19 on related performance changes was partially corrected.



The Ministry of Strategy and Finance announced that it has applied a multi-layered verification system this year to prevent the recurrence of a 'management evaluation error' that corrected the grades of 10 institutions and performance pay for 13 institutions last year.



It is explained that the evaluation results were shared with public institutions before the announcement, and that they went through the process of making an objection.



(Photo = provided by the Ministry of Strategy and Finance, Yonhap News)