21 Public Institutions Rated 'Excellent' in Management Evaluation Last Year... One More Than Previous Year

[Sejong=Asia Economy Reporter Kim Hyunjung] Twenty-one public institutions, including public enterprises, received an 'Excellent' rating in last year's management performance evaluation.

The Ministry of Economy and Finance held the Public Institution Management Committee on the 19th, chaired by Deputy Prime Minister and Minister of Economy and Finance Hong Nam-ki, to review and approve the "2019 Public Institution Management Performance Evaluation Results and Follow-up Measures."

According to the evaluation results, an evaluation team composed of private experts such as professors, accountants, and lawyers conducted document reviews and on-site inspections of 129 public enterprises and quasi-governmental institutions from March, awarding an 'Excellent' rating to 21 institutions, accounting for 16.3%. Notably, this year, due to the impact of the novel coronavirus disease (COVID-19), on-site inspections were conducted remotely via video conferencing.

Among the 129 public enterprises and quasi-governmental institutions evaluated, 51 institutions (39.5%) received a 'Good' rating, and 40 institutions (31.0%) received an 'Average' rating. 'Poor' and 'Very Poor' ratings were assigned to 16 institutions (12.4%) and 1 institution (0.8%), respectively.

By type, the distribution rates of public enterprises and quasi-governmental institutions rated 'Good' or higher were 55.6% and 62.0%, respectively, while 'Poor' or lower ratings were distributed among quasi-governmental institutions and small-scale institutions at 14.0% and 16.3%, respectively.

The Ministry of Economy and Finance explained that this evaluation "maintained a social value-centered evaluation approach while strictly assessing ethical management areas such as safety and manipulation of customer satisfaction surveys," and "focused on checking citizen-perceived performance by major projects and reflected contributions to innovative growth and economic revitalization."

The Ministry also conducted evaluations of the standing auditors of 62 institutions, among which 11 institutions (17.7%) received an excellent rating. The ratings for good, average, and poor were 29 institutions (46.8%), 16 institutions (25.8%), and 6 institutions (9.7%), respectively.

The Ministry of Economy and Finance plans to report the finalized 2019 management evaluation results, confirmed by the Public Institution Management Committee, to the National Assembly and the President in the future.

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