Ulsan City Enacts Ordinance on Terms of Office for Heads of Invested and Affiliated Institutions

When Appointed, Term Ends Simultaneously with Market Term Completion

Ulsan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulsan City announced on October 27 the legislative notice of the "Ordinance on the Terms of Office of Heads and Executives of Ulsan Metropolitan City’s Invested and Contributed Institutions," which aligns the terms of office of heads and executives of invested and contributed institutions with the mayor’s term at the time of appointment.

This ordinance was proposed to facilitate smooth city administration by synchronizing the terms of office of heads and executives of invested and contributed institutions with the end of the Ulsan mayor’s term.

The terms of office for heads and executives of invested and contributed institutions are two years with the possibility of reappointment; however, if the mayor’s term ends at the time of appointment, the terms of the institution heads and executives will also end simultaneously.

Accordingly, heads and executives of invested and contributed institutions must step down regardless of the remaining term if the mayor who appointed them finishes their term, and if the mayor is reappointed, they will maintain the remaining term of office.

The invested and contributed institutions to which this ordinance applies are nine institutions: Ulsan Economic Promotion Agency, Ulsan Credit Guarantee Foundation, Ulsan Technopark, Ulsan Women and Family Development Institute, Ulsan Information Industry Promotion Agency, Ulsan Cultural Foundation, Ulsan Talent Lifelong Education Promotion Agency, Ulsan Job Foundation, and Ulsan Tourism Foundation.

However, Ulsan Urban Corporation, Ulsan Facilities Corporation, and Ulsan Research Institute, whose terms are guaranteed by higher laws, are excluded.

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