'Korea Electric Power Corporation and Korea Hydro & Nuclear Power Both Receive 'A' in Management Evaluation... Korea Mine Rehabilitation and Mineral Resources Corporation, Korea National Oil Corporation Rated 'Poor''

2025 Public Institution Management Evaluation Results

Korea Electric Power Corporation and Korea Hydro & Nuclear Power received an Excellent (A) grade in the 2025 public institution management evaluation. This marks the second consecutive year, following 2024, that both public companies have received an A grade.

On June 19, Deputy Prime Minister and Minister of Economy and Finance Koo Yooncheol presided over the 7th Public Institution Management Committee and deliberated and approved the "2025 Public Institution Management Performance Evaluation Results and Follow-up Measures (Draft)."

Dongchul Kim, President of Korea Electric Power Corporation. The Asia Business Daily DB

There were no institutions rated as Outstanding (S) in the evaluation. A total of 15 institutions, including Korea Electric Power Corporation, Korea Hydro & Nuclear Power, Korea Southern Power, Korea South-East Power, KEPCO KDN, and Korea Minting, Security Printing & ID Card Operating Corporation, received an Excellent (A) grade. Sixteen institutions, including Korea Mine Rehabilitation and Mineral Resources Corporation and Korea National Oil Corporation, received an Unsatisfactory (D or E) grade.

Heo Jang, the Second Vice Minister of Economy and Finance, stated, "Institutions that faithfully carried out major projects or proactively implemented national policy tasks, thereby demonstrating outstanding performance in their core work, received excellent grades. Institutions that actively prevented safety accidents for employees and partner companies, or achieved remarkable innovation results using artificial intelligence (AI) and other technologies, also received higher grades. In contrast, institutions with poor performance in major projects or inadequate financial and safety management were rated as Unsatisfactory (D or E)."

Korea Electric Power Corporation had received an Unsatisfactory (D) grade in the 2022 evaluation due to a net loss for the year. However, in 2023, it was recognized for reducing its accumulated deficit and was upgraded two levels to a Good (B) grade. Since then, KEPCO has been rated Excellent (A) for two consecutive years, in both 2024 and 2025.

Korea Hydro & Nuclear Power received an A grade in this evaluation, marking three consecutive years of Excellent (A) ratings from 2023 through 2025. An official from the Ministry of Economy and Finance explained, "In the case of Korea Hydro & Nuclear Power, we confirmed that the company introduced a system that utilizes AI to prevent unplanned shutdowns of nuclear power plants, and actively applied AI to its operations. However, rather than AI playing a decisive role in the grade improvement, it was more that institutions performing well overall were able to receive higher grades."

Institutions rated as Average (C) or higher will receive performance-based bonuses, differentiated by institution type and grade. The government plans to recommend the dismissal of two incumbent heads of institutions—Government Employees Pension Service and Korea International Cooperation Agency—who received a Very Unsatisfactory grade.

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