Gwangju Metropolitan Rapid Transit Corporation, Rated 'Excellent' for 10 Consecutive Years in National Local Public Enterprise Evaluation

Gwangju Metropolitan Rapid Transit Corporation (President Jo Ik-moon) was selected as an excellent institution in the 2023 National Local Public Enterprise Management Evaluation hosted by the Ministry of the Interior and Safety. This marks the first time a local public enterprise has achieved this for 10 consecutive years.

The Ministry of the Interior and Safety conducted evaluations on 279 local public enterprises. The evaluation focused on innovation efforts such as structural reforms of local public enterprises in line with the new government's management efficiency policy.

Gwangju Metropolitan Rapid Transit Corporation received excellent evaluations by prioritizing safety management, proactively and preemptively promoting projects such as efforts to recover passenger transportation to pre-COVID-19 levels and discovering future businesses.

In particular, it was recognized for realizing a stable financial structure as a local public enterprise through winning technical service projects such as national R&D projects, operating a total cost reduction target system, and reducing project costs through technological innovation based on AI, IoT, and big data.

Additionally, it was highly evaluated for leading the implementation of corporate ethics and realization of social value in line with contemporary demands based on ESG management, which was first introduced by a local public enterprise, including ▲ continuous rent reduction for small business owners to overcome the economic downturn caused by the prolonged COVID-19 pandemic ▲ achieving 20 consecutive years of labor dispute-free workplaces, the longest among similar institutions ▲ and achieving excellent grades in integrity for three consecutive years.

By creating a people-centered safe environment based on safety and punctual operation through facility inspection and management using drones and IoT, it has been highly praised as the nation's best safe urban railway, having been selected as an excellent institution for three consecutive years in the Ministry of the Interior and Safety's disaster management evaluation and for four consecutive years in the Ministry of Land, Infrastructure and Transport's railway safety management level evaluation.

President Jo Ik-moon said, “Thanks to the love and interest of the citizens, we have been able to achieve outstanding results by being selected as an excellent institution for 10 consecutive years since 2014 in the Ministry of the Interior and Safety's local public enterprise management evaluation.” He added, “We will continue to provide the best service to citizens through absolute safety and innovation.”

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