SBC Hosts Joint Labor-Management Innovation Resolution Meeting

Park Sung-hyo, Chairman of the Small Enterprise and Market Service (fifth from the left in the front row), held the 'Innovation Resolution Meeting' on the 11th at the headquarters of the Small Enterprise and Market Service located in Jung-gu, Daejeon.

[Asia Economy Reporter Donghyun Choi] The Small Enterprise and Market Service (SEMAS) announced on the 12th that it held a joint labor-management ‘Innovation Resolution Meeting’ to newly establish and practice an innovation culture within the organization.

Starting with this Innovation Resolution Meeting, SEMAS set the ‘three innovation policies’: ▲improvement of low-performance and inefficient projects and work efficiency ▲strengthening cooperation with local governments and related organizations ▲improving services that the public can tangibly experience.

In detail, SEMAS plans to implement ‘SEMAS Innovation 2.0’ from mid-October, which includes establishing and practicing ‘10 major innovation tasks’ such as fostering an organization-wide innovation culture, discovering innovation tasks through various communication channels, capability evaluation through innovation performance contests, strengthening fair evaluation and reward systems, and enhancing organizational innovation temperature and public innovation perception.

In particular, rewards for high performers, which have always been pointed out as a limitation in public institutions, will be promoted as motivation policies including individual bonuses, preferential special promotions, and additional points in work evaluations to encourage active participation from all employees.

Furthermore, SEMAS plans to hold an annual ‘Innovation Performance Contest’ where all departments present their innovation achievements and receive public evaluation. In addition to SEMAS executives, the innovation evaluation panel will include general employees representing the MZ generation (Millennials + Generation Z), small business owners and traditional market stakeholders, ordinary citizens, and external experts in related fields, who will directly verify and evaluate the achievements. Since the evaluation results of the Innovation Performance Contest will significantly affect department heads’ annual salaries and performance bonuses, meaningful outcomes are expected.

Park Seonghyo, Chairman of SEMAS, stated, “We must create innovation outcomes based on work efficiency and become a public institution recognized and trusted by the people,” adding, “We will do our best to raise the innovation temperature within the corporation through Innovation 2.0 and provide high-quality services that the public can tangibly experience.”

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