Coal Corporation Holds Ceremony to Announce Establishment of Business Continuity Plan

Yoo Jeong-bae, President of Korea Coal Corporation (third from the left in the front row), poses for a commemorative photo after holding the 'Business Continuity Plan Establishment Ceremony' at the headquarters in Wonju, Gangwon Province, on the 2nd. (Photo by Korea Coal Corporation)

[Asia Economy Reporter Moon Chaeseok] Korea Coal Corporation announced on the 3rd that it held a 'Function Continuity Plan Establishment Ceremony' at its headquarters in Wonju, Gangwon Province on the 2nd.

The Function Continuity Plan is a plan to ensure business continuity so that the operations of the Coal Corporation can be carried out without interruption during crisis situations such as disasters.

In the event of a disaster that disrupts the Coal Corporation's core functions, the plan aims to minimize damage to underground facilities, restore damaged workplace facilities within the recovery target time, and stabilize coal supply.

The Coal Corporation is currently forming a task force (TF) team to establish the Function Continuity Plan, conducting business impact analysis by department and developing strategies. Through this, it aims to obtain certification as an excellent disaster mitigation company.

Yoo Jeong-bae, president of the Coal Corporation, stated, "It is important to establish and respond with a close and rapid cooperation system when disasters such as COVID-19 or monsoon rains occur," adding, "With the establishment of the Function Continuity Plan, we have been able to create a safe workplace and ensure business continuity for core functions during normal times."

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