Korea Energy Agency Achieves 'A' Grade in Management Evaluation for 3 Consecutive Years

Only 5 Public Institutions Received 'A' Grade for 3 Consecutive Years
Positive Reception for 'Eutteum Efficiency Home Appliance Rebate Program' Success

Exterior view of the Korea Energy Agency Ulsan New Headquarters. (Photo by Korea Energy Agency)

[Asia Economy Reporter Moon Chaeseok] The Korea Energy Agency received the highest grade, an A grade (excellent), for the third consecutive year in the public institution management evaluation.

According to the Ministry of Economy and Finance, on the 19th, among a total of 129 public institutions (36 public enterprises and 93 quasi-governmental institutions) evaluated in the '2019 Management Evaluation,' 21 institutions received a comprehensive A grade.

Among quasi-governmental institutions (excluding small and strong types), 10 institutions including the Agency received an A grade. Only five institutions in total received an A grade for three consecutive years.

Last year's 'Top Efficiency Home Appliance Rebate Project' was highly evaluated. This project refunds 10% of the amount for home appliances with high electricity consumption efficiency.

The Agency explained that by newly introducing the project, it contributed to revitalizing the domestic market. Small and medium-sized enterprises benefited from it.

The project was selected as one of the excellent projects for economic stimulus, and this year's budget was expanded fivefold to 150 billion KRW compared to previous years. The Ministry of Trade, Industry and Energy requested an increase of 300 billion KRW in the third supplementary budget, indicating the policy's popularity.

The Agency was highly evaluated for achievements such as ▲strengthening quality job creation ▲thorough safety management ▲strengthening support for small businesses and revitalizing the local economy ▲data-based digital New Deal.

Hiring 117 new employees (16.7% of the total staff), the largest since the institution's founding, and securing performance bonuses for regular employees converted from non-regular positions for the first time among quasi-governmental institutions, completing improvements in salary and welfare, were cited as exemplary cases.

The Agency introduced the cooling voucher system, the first in Korea, to reduce the burden of summer electricity bills for 630,000 vulnerable households nationwide, including the elderly and disabled. This year, support was expanded to 65,000 people including single-parent and youth-headed households.

Utilizing data from 400,000 renewable energy facilities installed domestically, the Agency promoted consulting such as annual economic feasibility analysis of 6,000 AI-based solar power projects, fostering private entrepreneurs. As a result, it supported the establishment of over 9,000 new power plants and the second startups of 9,300 retired elderly workers.

Kim Changseop, Director of the Agency, said, "We will continue to faithfully carry out government national administration," and added, "We will strengthen public participation and communication, and continue relentless management innovation efforts to be remembered as an institution leading the realization of social value for a long time."

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