KEPCO Receives One Application for CEO Recruitment... Reopening the Recruitment Process Initiated
[Sejong=Asia Economy Reporter Kwon Haeyoung] Korea Electric Power Corporation (KEPCO) has initiated a re-recruitment for the president position after only one applicant applied by the deadline on the 26th.
According to the Ministry of Trade, Industry and Energy and KEPCO on the 30th, KEPCO's Executive Recommendation Committee decided to re-open the recruitment and announced the president recruitment notice again on the 29th. The application period is until the 5th of next month.
KEPCO also decided to conduct internal recommendations for president candidates among its employees alongside the public recruitment.
According to the Act on the Management of Public Institutions (Public Institution Management Act), if the executive recommendation committee recommends multiple candidates for the head of a public enterprise, the president is appointed by the President of the Republic of Korea upon the proposal of the Minister of Trade, Industry and Energy after deliberation and resolution by the Public Institution Management Committee.
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Compared to other public institutions where around 10 candidates apply for new president recruitment recently, the failure to attract applicants for the president position at KEPCO, the largest public enterprise in Korea, is considered unusual. It is also observed that the fact that prominent candidates have been mentioned for the KEPCO president position and that it is the end of the administration may have influenced this outcome. Industry insiders have mentioned former Commissioner of the Korean Intellectual Property Office Park Won-joo, former Vice Minister of the Ministry of Trade, Industry and Energy Jung Seung-il, and Han Jin-hyun, Senior Vice Chairman of the Korea International Trade Association and former Second Vice Minister of the Ministry of Trade, Industry and Energy, as potential candidates for the next KEPCO president.
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