Namdong Power Plant Forms Economic Revitalization Task Force "Early Budget Execution... Promoting Prepayment and Advance Purchase"

[Asia Economy Reporter Kim Bo-kyung] Korea South-East Power Co., Ltd. (KOEN) formed an Economic Revitalization Task Force and held an inauguration ceremony at its headquarters in Jinju on the 29th.

The 'KOEN Economic Revitalization Task Force' plans to actively implement government policies such as early execution of investment expenses and supplementing domestic demand through advance payments and pre-purchases to respond to the economic downturn caused by the spread of the novel coronavirus infection (COVID-19).

It will also accelerate the fulfillment of the public enterprise's social responsibilities, including support for small and medium-sized enterprises in difficulty and revitalization of the local economy.

The Economic Revitalization Task Force is composed of 16 related departments, including the task force leader, the Early Budget Execution Team, the SME Support Team, and the Local Economy Revitalization Team.

Until now, KOEN has conducted various social contribution activities to overcome the COVID-19 crisis, such as purchase campaigns to support flower farms, donations to vulnerable groups, and salary returns by executives and employees, but there was a limitation in that these were carried out by individual departments without an overall organization.

With the launch of the task force, a systematic system will be established where related departments collaborate centered on the task force leader, and it is expected that the discovery and promotion of future tasks will accelerate.

Kim Hak-bin, head of the Planning and Management Headquarters and leader of the task force, said, "Public enterprises are given responsibilities commensurate with the national crisis situation," adding, "To overcome the economic crisis caused by COVID-19, KOEN will become a company that works together with the people through bold task discovery and swift promotion at the company-wide level."

This content was produced with the assistance of AI translation services.