Gyeongbuk Development Corporation Receives Prime Minister's Commendation ... The Only Public Institution in Gyeongbuk

Gyeongbuk Development Corporation was the only local public institution in Gyeongbuk Province to be selected as a meritorious organization and received the Prime Minister's Commendation at the ceremony held on the 22nd at BIFEX in Busan to commemorate the 18th Local Public Institution Day.

The selection of this meritorious organization was made through an evaluation of local public institutions based on overall implementation of government policy tasks such as management improvement, proactive administration, and innovation. Gyeongbuk Development Corporation explained that the excellent achievement of receiving the Prime Minister's Commendation was possible due to the unity of all employees in carrying out government policy tasks.

Yang Jeong-bae, Executive Director of Gyeongbuk Development Corporation (far right), is taking a commemorative photo after receiving a congratulatory bouquet for being awarded the Prime Minister's Commendation on behalf of President Lee Jae-hyuk.

Under the leadership of the head of the institution, Gyeongbuk Development Corporation has established and implemented a systematic management strategy based on innovation, and despite challenging business conditions such as liquidity reduction due to interest rate hikes and real estate market downturn, it has achieved a stable financial structure with profits increasing for three consecutive years.

Additionally, after declaring ESG management, the corporation was recognized for its efforts in promoting various ESG management initiatives, receiving awards such as the Minister of the Interior and Safety Commendation and two categories of the Global Standard Management Awards. As a result, it achieved first place nationwide in the 2023 Local Public Enterprise Management Evaluation hosted by the Ministry of the Interior and Safety.

Lee Jae-hyuk, President of Gyeongbuk Development Corporation, said, “I am pleased that this Prime Minister's Commendation is the fruit of the unity of all employees, but at the same time, as the only meritorious institution selected among public institutions in Gyeongbuk Province, I deeply feel the heavy responsibility as a leading institution. I believe that the way to repay the residents who support the corporation is not to be complacent with the current achievements but to continue striving and show further development.”

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