Ministry of Industry, "2,300 New Hires and 11.3 Trillion KRW Executed in Public Institutions under Jurisdiction in First Half"

'Video Conference of Public Institution Heads under the Ministry of Trade, Industry and Energy' Held

Sung Yun-mo, Minister of Trade, Industry and Energy. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced that Minister Sung Yoon-mo will preside over a 'Video Conference of Heads of Public Institutions under the Ministry of Industry and Energy' starting at 2:30 PM on the 7th. During the meeting, they decided to actively promote new recruitment by public institutions and support for revitalizing the regional economy.

The meeting was held to check the preparation status of new recruitment by each public institution due to the novel coronavirus infection (COVID-19) and to discuss measures to resolve delays.

They will seek ways to minimize the negative impact on the national and regional economy caused by COVID-19 by inspecting and encouraging the expansion and early execution of investments by public institutions.

This year, the scale of new recruitment for 40 public institutions under the Ministry of Industry and Energy is about 4,160 people, with plans to hire 2,300 in the first half of the year, but most institutions are experiencing difficulties in following procedures due to COVID-19.

The Ministry of Industry and Energy will form and operate a new recruitment collaboration task force (TF) with public institutions starting this month to continuously check and support the preparation and progress of new recruitment by public institutions and request cooperation from related ministries and universities.

They will also share operational cases and field experiences of the Central Disaster and Safety Countermeasures Headquarters (CDSCH)'s 'Test Quarantine Management Guidelines' to be applied during the new recruitment process of public institutions. They plan to support private companies that hesitate to proceed with recruitment to carry out hiring normally.

As a result of checking the execution status of the planned investment amount of 20.7 trillion KRW by public institutions this year, it was found that 11.3 trillion KRW is scheduled to be executed in the first half of the year. The planned execution amount for the first quarter was 4.6 trillion KRW (22.2% of the total).

Advance payments will be executed at 77.2% (3.864 trillion KRW) in the first half of the year, an increase of 48.2% (2.411 trillion KRW) compared to the first quarter's planned execution of 1.453 trillion KRW out of the 500.3 billion KRW planned for execution this year.

Seventy-one projects worth 10.45 billion KRW, which were scheduled to be ordered in the second half of the year, will be ordered early within the first half of the year.

Representative examples include Korea Hydro & Nuclear Power's Shin-Kori Units 5 and 6 transmission connection facility implementation work, Korea South-East Power's conditional purchase of wind condition measurement equipment at Yeosu Island offshore, and Korea East-West Power's Jangheung biomass power generation project.

The Ministry of Industry and Energy will take the lead in actively implementing daily quarantine measures considering the characteristics and situations of each public institution and spreading execution models.

Minister Sung said, "Due to the COVID-19 situation, concerns about public safety and the spread of economic damage remain high," and urged, "Public institutions should thoroughly prepare quarantine guidelines and procedures and carry out planned recruitment in the first half and throughout the year without delay."

He emphasized, "With the awareness of an emergency economic situation, institutions must mobilize all available resources to promptly support regional economic revitalization," and added, "Public institutions should lead a long-term and sustainable quarantine system of the 'new normal' that simultaneously carries out economic and social activities while preventing and blocking COVID-19 infections, without being bound by existing procedures and practices together with the government."

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