Recommendation for Dismissal of Government Employees Pension and International Cooperation Agency Heads... 16 Public Institutions Receive Failing Grades (Comprehensive)

2025 Management Performance Evaluation Results Announced on June 19

The Government Employees Pension Service and the Korea International Cooperation Agency received the lowest "very unsatisfactory" rating in last year's public institution head evaluation, placing them on the list of candidates for dismissal. In the 2025 public institution management evaluation, 16 institutions—including Korea Broadcasting Advertising Corporation, SR (Suseo High Speed Rail), Korea National Oil Corporation, and Human Resources Development Service of Korea—received a failing grade of "unsatisfactory" or lower. This year, no institution received the highest rating.

Deputy Prime Minister and Minister of Strategy and Finance Koo Yun-cheol is presiding over the "7th Public Institution Management Committee for 2026," held on the afternoon of the 19th at the Government Complex Seoul in Jongno-gu, Seoul, delivering opening remarks. Ministry of Strategy and Finance

On June 19, the government held the 7th Public Institution Management Committee Meeting at the Government Seoul Office, presided over by Deputy Prime Minister and Minister of Strategy and Finance Koo Yoon-chul, and approved the "2025 Public Institution Management Performance Evaluation Results and Follow-up Measures." The evaluation covered last year’s management performance of 88 state-owned and quasi-governmental institutions, as well as the performance of 82 heads of such institutions in fulfilling their management contracts.

In the separate evaluation of institution heads, which was introduced this year, 6 received an excellent rating, while 52 were rated as average. Seventeen individuals, including those from Grand Korea Leisure and the National Institute of Ecology, received an unsatisfactory rating. Seven were rated as very unsatisfactory. Of these, the Ministry of Strategy and Finance decided to recommend dismissal for the two current heads of the Government Employees Pension Service and the Korea International Cooperation Agency. The Korea International Cooperation Agency, in particular, was subject to a search and seizure last year by Special Prosecutor Min Joonggi’s team due to allegations related to First Lady Kim Keon-hee. The remaining five, from Korea National Railway, SR, Human Resources Development Service of Korea, Korea National Oil Corporation, and Korea Energy Agency, were not subject to dismissal recommendations as their terms of office had already ended.

As in the previous year, no institution received the highest grade of "outstanding" (S) this year. Fifteen institutions, including Korea South-East Power, Korea Southern Power, and the Health Insurance Review & Assessment Service, were rated as excellent (A). A representative from the Ministry of Strategy and Finance explained, "Institutions received excellent ratings if they faithfully implemented key projects, actively carried out government policy tasks, demonstrated strong performance in their core work, proactively prevented workplace or partner safety accidents, or achieved outstanding results by utilizing artificial intelligence (AI)."

A total of 29 institutions, including Incheon International Airport Corporation, Housing & Urban Guarantee Corporation, Small Enterprise and Market Service, and Korea Energy Agency, were rated as good (B). Twenty-eight institutions, such as Korea Gas Technology Corporation, Kangwon Land, Government Employees Pension Service, and Korea Institute for Animal Products Quality Evaluation, received an average (C) rating. Sixteen institutions were rated unsatisfactory or lower (D or E). Thirteen, including SR, Jeju Free International City Development Center, and Korea Sports Promotion Foundation, were rated as unsatisfactory (D). Three institutions—Korea Broadcasting Advertising Corporation, Korea National Park Service, and Korea International Cooperation Agency—were rated as very unsatisfactory (E).

In the evaluation of the work performance of standing auditors and audit committee members, three received an excellent (A) rating, 23 were rated as good (B), 26 as average (C), and six as unsatisfactory (D). None received an outstanding (S) or very unsatisfactory (E) rating.

The Ministry of Strategy and Finance issued warnings to 12 current institution heads, including those from the National Institute of Ecology, Grand Korea Leisure, and Korea Post Insurance Development Institute, among the 17 who received an unsatisfactory rating. In addition, among the 15 institutions that experienced a fatal accident classified as a major disaster last year, 11 current heads—including those from Korea National Park Service, Korea Gas Corporation, and Korea Rural Community Corporation—were also issued warnings. One standing auditor from the Human Resources Development Service of Korea, among the six institutions with unsatisfactory audit evaluations, was also warned.

The Ministry of Strategy and Finance will grant an additional 0.1 percentage points in total personnel expenses as a job-based pay resource this year to five institutions, including Housing & Urban Guarantee Corporation and Korea South-East Power, which were recognized for excellence in restructuring their compensation systems to focus on job function. Sixteen institutions that received an unsatisfactory or lower rating in the evaluation will have their general administrative expenses for next year reduced by 0.5 to 1 percent. Furthermore, these institutions must submit management improvement plans to the Ministry of Strategy and Finance and undergo management improvement consulting. The 15 institutions where major disasters occurred must also establish safety improvement plans.

The Ministry of Strategy and Finance plans to award performance-based bonuses differentially to institution heads, standing executives, auditors, and employees with an average (C) or better rating, based on the type and rating of the institution. However, for executives at public enterprises whose net profit for the year decreased compared to the previous year or who posted a net loss, the ministry recommended an autonomous return of 25 percent of their performance-based bonuses.

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