View of the Korea Minting Corporation headquarters. [Photo=Korea Minting Corporation]
The Korea Minting Corporation announced on June 22 that it has received the highest rating of 'A' (Excellent) in the Ministry of Economy and Finance's 2025 Public Institution Management Evaluation.
According to the corporation, this evaluation involved a total of 88 public institutions, including 31 state-owned enterprises and 57 quasi-governmental organizations. Among these, only 15 institutions received an overall A rating, with just six state-owned enterprises achieving this distinction. Notably, excluding Korea Electric Power Corporation and its affiliates, the Korea Minting Corporation was the only one to earn this rating.
The corporation explained that it was recognized for its achievements in sales, profitability, and public service amid changing industry conditions characterized by a decrease in cash usage, thanks to its efforts in digital transformation and business diversification.
In fact, last year's revenue reached 639.5 billion won, marking an increase of approximately 26% from the previous year's 506.8 billion won. The corporation has maintained profitability for four consecutive years, while its debt ratio improved to 77.5%, enhancing its financial soundness.
The expansion of its digital identity services also received high marks. Following the introduction of a mobile driver's license, the corporation successfully launched a mobile resident registration card service, attracting 1.13 million subscribers. Additionally, the integrated platform for digital gift certificates recorded 17.04 million users.
In new business areas, the corporation expanded its product authentication services using AI digital watermark technology and achieved export sales of security ink amounting to 13 billion won. It also secured a supply contract worth 21 billion won with the Italian Mint, achieving success in international markets.
Furthermore, the corporation implemented a 1.3 trillion won mutual growth payback and consumer coupon program to support economic recovery, achieving zero major accidents for ten consecutive years and zero corruption incidents for three years in a row.
Seong Chang-hoon, President of the Korea Minting Corporation, stated, "Achieving an A rating proves that the Korea Minting Corporation is no longer just a place that produces currency, but an industrial institution designing national infrastructure based on digital identity and security technology. We will continue to create public services that citizens can feel and strive to become a global ICT company."
* This article has been translated by AI.
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