[Asia Economy Reporter Kim Cheol-hyun] The Ministry of Trade, Industry and Energy and the Korea Productivity Center announced on the 9th that they are accepting applications for candidates for the '2020 National Productivity Award Government Commendation.' The 'National Productivity Award,' accepting applications until April 17, is a government commendation system that discovers companies, corporations, organizations, and contributors who have created outstanding management achievements through exemplary productivity improvement activities and contributed to national economic development. It was established as a private commendation in 1962 and changed to a government commendation in 1987.



In particular, this year, a new award category has been established for social economy enterprises that create more social value through productivity improvement, as well as a new award category for companies expected to grow into future unicorn companies leading the Korean economy. Once applications are completed, candidates who meet the award requirements will go through a strict process including preliminary screening by a panel of experts in each category, document review, on-site verification and merit evaluation, and public verification, to determine the final award candidates. Detailed information can be found on the National Productivity Award website.


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