13 public agencies rated D·E grades out of 87
Broadcasting Advertisement Promotion Corporation, Employment Information Agency ‘Very Poor’,
Deputy Prime Minister and Minister of Planning and Finance Choi Sang-mok is presiding over the Public Agency Operations Committee at the Government Seoul Office on the 19th, making remarks. ⓒ Ministry of Planning and Finance, “[Sejong=Daily] It was revealed that 13 public agencies received a rating of ‘poor’ or below in the public agency management evaluation last year.”,
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, ‘The Korea Broadcasting Advertising Promotion Corporation and the Korea Employment Information Agency were the two out of twelve that received the lowest grade of ‘Very Poor (E)’. The director of the Employment Information Agency has been recommended for dismissal.’,
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, ‘On the 19th, the government confirmed the ‘2023 Public Agency Management Performance Evaluation Results and Follow-up Measures’ at the Public Agency Operations Committee presided over by Deputy Prime Minister and Minister of Planning and Finance Choi Sang-mok at the Government Seoul Office.’,
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, ‘Initially, the government disclosed the performance evaluation results of 87 public agencies for the previous year.’,
,
, ‘The evaluation targeted 32 public enterprises and 55 quasi-governmental organizations. The government formed an evaluation team in February this year and conducted on-site inspections, external verifications, and other procedures.’,
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, ‘On that day, Deputy Prime Minister Choi said in his remarks at the Public Agency Operations Committee, “The evaluation focused on efforts to improve business performance, promote management innovation and financial improvement, and fulfill social responsibilities.”‘,
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, ‘The government did not award the highest grade, which is the Excellent grade, to any agency. There were 15 agencies rated as Outstanding (A), 30 agencies rated as Good (B), and 29 agencies rated as Fair (C).’,
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, ‘Eleven agencies including the Korea Housing Finance Corporation, Korea Gas Corporation, Korea Airports Corporation, and Korea Railroad Corporation received a poor rating of Inadequate (D).’,
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, ‘The Korea Broadcasting Advertising Promotion Corporation and the Korea Employment Information Agency were given the lowest grade of Very Poor (E).’,
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, ‘For the five agencies rated as Very Poor or consistently Poor for two years, the government recommended dismissal for Kim Young-jung, the director of the Korea Employment Information Agency, whose term of office as of the end of last year was over 6 months.’,
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, ‘For the 13 agencies with poor performance or significant incidents, such as major accidents or unsatisfactory audit evaluations, the government issued warnings to the 13 agency directors.’,
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, ‘The agencies falling under these categories include Korea Gas Corporation, Korea Rural Community Corporation, Korea Expressway Corporation, Korea Electric Power Corporation, Korea Midland Power Corporation, Korea Railroad Corporation, Korea Land and Housing Corporation, and Korea Environmental Corporation.’,
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, ‘The 13 agencies that received a Poor or lower rating will have their next year’s operating expenses reduced by 0.5-1.0%. They must come up with a management improvement plan and undergo management improvement consulting. Additionally, agencies that experienced major accidents must submit safety-related improvement plans.’,
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, ‘On the other hand, agencies with excellent job grades and outstanding performance will receive an additional 0.1% in total personnel expenses next year.’,
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, ‘Agencies rated as Good or higher will receive performance incentives ranging from 60% to 250% based on their type and grade.’,
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, ‘For the 14 agencies with financial risks, the directors, auditors, and standing directors of Korea Coal Corporation and the Korea Mining Development Corporation, whose net losses increased last year, will have their performance incentives slashed by 100%.’,
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, ‘Directors, auditors, and standing directors of subsidiaries such as Korea Electric Power Corporation and Namdong Development whose losses improved despite incurring a net loss last year will have their performance incentives reduced by 50%.’,
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, ‘In the audit performance evaluation, six agencies received an outstanding rating, 31 agencies received a good rating, and 20 agencies and 2 agencies received fair and poor ratings, respectively.’,
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, ‘The audit evaluation targets 59 out of 62 agencies where standing auditors and audit committee members are appointed, who served in the previous year for more than 6 months.’,
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Management performance evaluation results by organization ⓒ Ministry of Planning and Finance,