The heads of the Government Employees Pension Service and the Korea International Cooperation Agency (KOICA) have been recommended for dismissal after receiving the lowest ratings in a government evaluation of public institutions. In a separate assessment conducted for the first time in 13 years, seven heads of institutions, including SR, the Korea National Oil Corporation, and the Korea Railroad Corporation, were rated as 'very insufficient.'
On June 19, the Ministry of Finance and Economy held the 7th Public Institution Operation Committee meeting, chaired by Deputy Prime Minister Koo Yun-cheol, to review and approve the '2025 Public Institution Management Performance Evaluation Results and Follow-up Measures.'
This evaluation assessed the management performance of 88 public enterprises and quasi-governmental agencies from the previous year, along with the performance of 82 heads of these institutions in fulfilling their management contracts. The government conducted separate evaluations of institution heads to enhance accountability for management innovation, linking the results to personnel decisions and performance bonuses.
Only six heads received an excellent rating, while 52 were rated as satisfactory, 17 as insufficient, and seven as very insufficient. In total, 24 heads received ratings of insufficient or lower.
The institutions rated as very insufficient include SR, the Korea National Oil Corporation, the Government Employees Pension Service, the Korea Energy Agency, the Korea Railroad Corporation, the Human Resources Development Service of Korea, and KOICA.
The government plans to recommend the dismissal of the two heads currently in office at the Government Employees Pension Service and KOICA. The heads of the Korea Railroad Corporation, SR, the Human Resources Development Service of Korea, the Korea National Oil Corporation, and the Korea Energy Agency are excluded from dismissal recommendations as they are no longer in office.
Heads rated as insufficient include those from Grand Korea Leisure, the Jeju Free International City Development Center, the Korea Mine Rehabilitation and Mineral Resources Corporation, the Korea Broadcasting Advertising Corporation, the Korea Railroad Corporation, the Korea Land and Housing Corporation, the National Ecology Institute, the Post Office Financial Development Institute, the Post Office Logistics Support Group, the Korea Employment Information Service, the Korea Land Information Corporation, the Korea Scholarship Foundation, the Korea Veterans Welfare Medical Corporation, the Korea Oil Management Corporation, the Korea National Arboretum, and the Korea Internet & Security Agency, totaling 17 institutions.
The government plans to issue warnings to 12 of the 17 heads rated as insufficient who are currently in office. The institutions involved include the National Ecology Institute, Grand Korea Leisure, the Post Office Financial Development Institute, the Post Office Logistics Support Group, the Korea Employment Information Service, the Korea Mine Rehabilitation and Mineral Resources Corporation, the Korea Land Information Corporation, the Korea Veterans Welfare Medical Corporation, the Korea Oil Management Corporation, the Korea National Arboretum, the Korea Internet & Security Agency, and the Korea Employment Promotion Agency.
The six institutions that received excellent ratings are Korea Electric Power Corporation KDN, the National Health Insurance Service, the Korea Trade Insurance Corporation, the Korea Trade-Investment Promotion Agency, the Korea Institute of Industrial Technology Planning and Evaluation, and the Korea Rural Community Corporation.
Performance bonuses for heads will also vary based on evaluation results. Bonuses will be distributed according to the evaluation outcomes, but heads of institutions rated as insufficient or lower will not be eligible for bonuses.
The Ministry of Finance and Economy explained that this evaluation of institution heads is a measure to strengthen the accountability management system of public institutions. The aim is to assess not only the management performance of institutions but also the fulfillment of management contracts by their heads, reflecting these evaluations in personnel decisions and compensation.
* This article has been translated by AI.
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