Gyeongbuk Development Corporation Achieves Nationwide 1st Place in Local Public Enterprise Management Evaluation
3 Consecutive Years of Revenue Growth
Recognized for Excellent ESG Performance
Gyeongbuk Development Corporation achieved first place nationwide in the local public enterprise management evaluation conducted by the Ministry of the Interior and Safety, and was selected for the first time since its establishment as the highest grade, ‘Ga’ grade.
The Ministry of the Interior and Safety announced the results of the 2022 local public enterprise management performance evaluation for local public enterprises nationwide, following the deliberation of the Local Public Enterprise Policy Committee.
This year, the evaluation reflected the innovation policy direction of local public institutions under the Yoon Seok-yeol administration, strengthening the assessment of local public enterprises' innovation efforts and financial soundness, and also evaluated public institutions' efforts to recover business performance following the transition to normalcy after COVID-19.
Gyeongbuk Development Corporation established a systematic management plan based on innovation led by the CEO, and received high evaluations for realizing a stable financial structure, such as increasing profits for three consecutive years despite the challenging environment caused by interest rate hikes and real estate market downturn.
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Additionally, since the proclamation of ESG management in January last year, it has established itself as a leading public enterprise in ESG and social value fields, receiving two commendations from the Minister of the Interior and Safety in 2022, winning two categories of the Global Standard Management Awards, joining the UNGC (UN Global Compact), and declaring support for TCFD (the first among urban development corporations), among various excellent ESG achievements.
Lee Jae-hyuk, President of Gyeongbuk Development Corporation, stated, “The greatest achievement since our establishment, even amid the real estate market downturn, was the result of all employees working together with one mind to achieve management goals,” and added, “We will continue to do our best to repay the residents who have encouraged and supported us with the best public service.”
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