Korea Rail Network Authority Receives Presidential Award for Contribution to Win-Win Growth

A panoramic photo of the Korea Rail Network Authority building (right) and Korea Railroad Corporation building (left) located in Dong-gu, Daejeon. Provided by the Korea Rail Network Authority.

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Korea Rail Network Authority was recognized for its contribution to spreading a culture of mutual growth between large corporations and small and medium-sized enterprises (SMEs) and received the Presidential Award.

According to the Rail Network Authority on the 5th, the Ministry of SMEs and Startups awarded the Presidential Award to the Rail Network Authority at the ‘2020 Mutual Growth Week Ceremony’ held at the Korea Federation of SMEs in Seoul.

This award is given annually by the Ministry of SMEs and Startups to outstanding companies that have contributed to mutual growth. The Rail Network Authority received the Presidential Award in recognition of being the first public institution recently selected as a ‘Caring Company,’ its social contribution activities through the utilization of railway facilities, and its leadership in supporting SMEs and small business owners.

So far, it has enhanced the public value of railway facilities by utilizing idle spaces to create daycare centers and venture startup lounges. It is also evaluated for supporting the practical growth of SMEs by promoting technology development and railway regulation innovation through public-private cooperation.

In particular, this year, to help SMEs and small business owners struggling due to the prolonged COVID-19 pandemic, it has initiated a mutual growth cooperation fund, social insurance support projects, reductions in national property usage fees, and local community job creation projects, setting an example for other public institutions.

Kim Sang-gyun, Director of the Rail Network Authority, said, “The Rail Network Authority will continue to implement various programs that coexist with local communities and take the lead in spreading and establishing a culture of mutual cooperation throughout society.”

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