Korea Railroad Corporation (KORAIL) announced on April 23 that it received the highest rating, "Excellent," in the 2024 Public Institution Win-Win Growth Evaluation organized by the Ministry of SMEs and Startups.
The evaluation was conducted for 134 public institutions, including 32 state-owned enterprises and 102 quasi-governmental and other types of institutions. Based on the results, institutions were rated as ▲Excellent ▲Outstanding ▲Good ▲Average ▲Needs Improvement.
KORAIL was highly evaluated for increasing its win-win cooperation fund by 40% compared to the previous year, contributing over 1 billion KRW, and promoting various support programs, thereby supporting the sustainable growth of small and medium-sized enterprises and revitalizing rural and fishing village economies.
In particular, within the limited domestic railway industry environment, KORAIL allocated a budget of approximately 60 billion KRW (more than three times the previous year) to purchase certified products from the SME Technology Market to help expand sales channels for SMEs. In addition, the company implemented a delivery price linkage system that reflects price fluctuations, contributing to the spread of a fair trade culture. These efforts were also positively recognized in the evaluation.
Among SOC (social overhead capital) public enterprises subject to the government's management evaluation, KORAIL was the only one to receive the highest rating.
Han Moonhee, CEO of KORAIL, said, "I am pleased that our consistent efforts for win-win growth with SMEs have resulted in the 'Excellent' rating," adding, "KORAIL will continue to strengthen support programs that provide practical assistance to SMEs and pursue mutual development."
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