KOICA Receives Minister of Employment and Labor Commendation for 'Public Sector Regular Employment Conversion' Sector

Efforts to Ensure Employment Stability and Expertise After Establishing a Subsidiary

[Asia Economy Reporter Lim Cheol-young] KOICA announced on the 31st that it received the Ministerial Award in the ‘Public Sector Regular Employee Conversion Category’ at the government awards for job creation hosted by the Ministry of Employment and Labor.

Since June 2018, KOICA has formed a labor-management-expert council and, through more than 30 labor-management dialogues including practical consultations, has converted 302 contract workers into regular employees. After a direct vote by those converted, KOICA established its subsidiary Koworks in early 2019.

Since then, it was selected by the Ministry of Employment and Labor as an exemplary case of desirable regular employee conversion and received awards such as the Prime Minister’s Award for job creation contributions, establishing itself as a model case of subsidiary conversion and operation.

Additionally, while continuously striving to secure employment stability, public interest, management independence and responsibility, and expertise, KOICA achieved results such as the full introduction of job-based pay at the subsidiary through responsible 100% investment support from the parent company, the establishment of a labor director system, and rational wage and promotion systems.

In June, the signing of a four-party parent-subsidiary management agreement between the labor union representatives of KOICA and Koworks was also a remarkable achievement. Through this agreement, KOICA expressed its intention to respect the subsidiary’s independent management so that it can continuously improve workers’ treatment, support rational operations, and contribute to sustainable management stabilization.

According to the agreement, both companies will establish a joint labor-management council for the parent and subsidiary companies to continuously discuss matters related to improving the labor conditions, work environment, and welfare of workers of both companies for their mutual benefit.

Regarding this award, Son Hyuk-sang, Director of KOICA, said, “I am very pleased and proud that the institution’s efforts to establish and operate a subsidiary in line with the government’s desirable subsidiary operation model have been highly evaluated,” and added, “I sincerely thank the executives and employees of Koworks who worked hard during the subsidiary conversion process.”

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