Management Evaluation on State-owned Corporate Announced on 20th

The presidents of some state-owned companies with poor operation performance last year are likely to be dismissed from the offices at the beginning of next month.

The Ministry of Planning and Budget (MPB) told yesterday that the review results of the 2000 management evaluation on the state-owned companies such as the Korea Electric Power Corporation would be announced on 20th.

The MPB plans to request the related offices to release the CEOs of the companies that have shown the poor operation results and the inadequate management of the organization through the decision of the steering committee of the state-owned institutions.

An official of the MPB told that ``the ministry evaluated the execution result of the management contract on 10 companies excluding 3 companies whose CEOs were replaced on March. Because only 6-7 CEOs were evaluated excluding the newly-elected CEO, the request of the dismissal of CEOs will be achieved in a small number``.

In the result of the management, the following 10 companies were reviewed; the Korea Land Corporation, the Korea Highway Corporation, the Korea Trade-Investment Promotion Agency, the Korea National Tourism Organizations, the Korea Agricultural & Rural Infrastructure Corporation, the Agricultural and Fishery Marketing Corporation, the Korea Electric Power Corporation, the Korea Minting & Security Printing Corporation and the Korea National Oil Corporation.

The review was executed by the management evaluation team comprised of 34 experts and the representatives of the civic organizations including prof. Oh Yeon-Chun, the head of the evaluation team.

The government had released from the offices 7 CEOs of the state-owned companies including the presidents of the Korea National Housing Corporation, the Korea Coal Corporation, and the Korea Water Resources Corporation on last March.

Park Joong-Hyun sanjuck@donga.com