"High-Intensity Management Innovation"... Korea Airports Corporation Launches TF Team

Last Year's Public Enterprise Evaluation D... Lowest Grade Ever
"Recovery in Air Travel Demand to Compensate Next Year"

Gimpo Airport Domestic Terminal View (Photo by Korea Airports Corporation)

Last year, Korea Airports Corporation, which received the lowest-ever rating in the public enterprise management performance evaluation, is launching a high-intensity management innovation. They plan to form a task force (TF) to develop and actively implement improvement measures.

On the 24th, Korea Airports Corporation announced the launch of the "Management Performance Improvement TF."

This is intended to make up for the historically poor D grade received in the 2023 public enterprise management performance evaluation announced on the 19th. The reasons behind last year's poor evaluation were analyzed as follows: ▲ sluggish recovery of regional airports due to the increase in international flights concentrated in the metropolitan area after COVID-19 ▲ insufficient improvement in financial performance due to incomplete recovery of air travel demand ▲ lack of enhancement in safety capabilities such as failures in aviation security.

Acting President Lee Jeong-gi and the management team formed a dedicated task force (TF) to improve financial performance and discover innovation tasks, appointing heads in charge for each division. They plan to improve management structure through expanding air travel demand, improving financial structure, and strengthening the monitoring and implementation of action plans.

Acting President Lee Jeong-gi stated, "Taking this evaluation result as an opportunity, we will review the overall management situation including safety, security, customer service, and financial status, and prepare improvement measures that the public can feel, pushing forward with a sense of urgency."

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