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| Deputy Prime Minister and Finance Minister Hong Nam-ki speaks during the public institution management committee meeting at the Government Complex Seoul, Friday. Yonhap |
By Park Jae-hyuk
The government will consider firing the heads of four state-run institutions that received poor evaluations for the second-straight year in an annual management assessment or who scored poorly in 2020, according to the Ministry of Economy and Finance, Sunday.
The four institutions are the Korea Postal Logistics Agency, the Korea Childcare Promotion Institute, the Korea Construction Equipment Safety Institute and the Korea Health Promotion Institute.
This is the first time in six years that the government has proposed the dismissal of public institution chiefs based on the results of the annual management evaluation.
The heads of the Korea Racing Authority, the Human Resources Development Service of Korea, the Korea Elevator Safety Agency and Korea Power Exchange were on the list of public institution chiefs to be sacked. But they could avoid dismissal because their terms have expired.
The government also sent warnings to the heads of six institutions with lackluster earnings, such as Korea Gas Corp. and the chiefs of eight institutions which experienced serious industrial accidents, such as Korea Coal Corp. and the Incheon Port Authority.
Executives at Korea Land and Housing Corp. (LH) were not allowed to receive any performance-based bonuses, due to controversy over its employees engaging in speculative real estate investments.
Employee bonuses were whittled down to one-eighth of the amount they had received a year earlier, but the payment was suspended because of the ongoing investigation into the speculative investments.
“None of the institutions was graded S again this year,” Deputy Prime Minister and Finance Minister Hong Nam-ki said, referring to the top evaluation rating. “We hope to see S-graded institutions next year, based on their management innovation and better performance.”
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