Gyeonggi Province and 4 Organizations Including GH and Gyeonggi Shinbo Sign 'Public Institution Responsible Contract'

Gyeonggi Province Governor Kim Dong-yeon (center) is taking a commemorative photo after signing a responsibility contract with the heads of four organizations: Gyeonggi Housing and Urban Corporation, Gyeonggi Credit Guarantee Foundation, Gyeonggi Economic Science Promotion Agency, and Gyeonggi Cultural Foundation on the 13th. Photo by Gyeonggi Province

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is introducing a new type of 'public institution evaluation system' that evaluates the performance of public institutions one year later and holds them accountable for the results.

On the afternoon of the 13th, Gyeonggi Province announced on the 14th that it selected four institutions?Gyeonggi Housing and Urban Development Corporation (GH), Gyeonggi Credit Guarantee Foundation, Gyeonggi Cultural Foundation, and Gyeonggi Institute of Economic Science Promotion?as responsible public institutions for this year and signed the '2023 Public Institution Responsibility Contract' with these institutions at the provincial government situation room.

The responsibility contract is a system where the head of the public institution autonomously sets 2 to 3 goals, finalizes them in agreement with the governor, and evaluates the achievement level and performance one year later.

Gyeonggi Governor Kim Dong-yeon explained the background of implementing the system, saying, "I was once responsible for managing public institutions at a central government ministry, and at that time, I actively tried responsible operating institutions. It was not to strictly supervise and whip performance, but to strengthen autonomy and responsibility of public institutions, and as a result, the performance was very good."

He added, "The responsibility contract has great significance in that the heads of institutions make a promise to the residents to deliver performance. The performance of the responsibility contract is a joint responsibility of not only the governor but also the heads of departments. Please do not hesitate to provide necessary support so that we can work together to achieve the goals."

He also emphasized, "Sometimes public institutions are stuck in customs and inertia, but Gyeonggi Province wants to try something different. The term of the head of a public institution is guaranteed when they fulfill their responsibilities. Otherwise, I hope the heads will take responsibility with determination. I hope the responsibility contract will be well operated and expanded to 28 public institutions in Gyeonggi Province."

Looking at the main goals of the institutions that signed the responsibility contract that day, Gyeonggi Housing and Urban Development Corporation aims to secure ▲7,901 public housing units in new towns and 316 rental units in public complex developments ▲expand special supply for small and medium-sized enterprise workers to 1.2% ▲promote 200 units of senior safety housing projects ▲and start designing a world-class Gwanggyo central plaza where culture and arts harmonize.

Gyeonggi Credit Guarantee Foundation aims to ▲write off 66 billion KRW in bonds to provide re-challenge opportunities through credit recovery support ▲provide 10 billion KRW in special guarantee for hopeful re-challenges ▲and support 75 billion KRW in refinancing funds for small business owners to recover the livelihood economy.

Gyeonggi Cultural Foundation aims to ▲discover and support activities in regional complex cultural spaces (4 cases) ▲attract 500 million KRW in external funding to reduce cultural enjoyment gaps ▲and establish 5 industry-academia cooperation models to create opportunities for art university students in the province.

Gyeonggi Institute of Economic Science Promotion aims to ▲raise 120 billion KRW in the G-Fund to promote balanced development in northern Gyeonggi and activate corporate investment ▲and support 26 companies to secure supply safety nets for materials, parts, and equipment companies and strengthen technological self-reliance capabilities.

The province plans to exempt some evaluation items for excellent institutions that achieve outstanding results that residents can feel based on the results of the responsibility contract, and promote special personnel increases and governor’s commendations to create excellent performance.

Earlier, at the weekly department heads meeting in December last year, Governor Kim urged strong leadership and a sense of responsibility for heads of public institutions, saying, "If public institutions do not fulfill their responsibilities, the damage returns to the residents. I urge reflection and reform for public institutions that have been insufficient in their roles or have had lax discipline."

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