PSTPS Wins "Excellence in Policy Award" at the 14th Policy Awards Ceremony

Recognized for Contributions to Building a Social Safety Net

The Private School Teachers' Pension Service (PSTPS) announced on December 8 that it had received the "Excellence in Policy Award" at the 14th Korean Association for Public Administration Policy Awards Ceremony, held on December 5 at the main building of Kookmin University in Seoul. The award recognized PSTPS's achievements in social contribution through its project to establish a social safety net.

The Private School Teachers' Pension Service (PSTPS) received the "Excellence in Policy Award" at the 14th Korean Association for Public Administration Policy Awards Ceremony held on the 5th at the main building of Kookmin University in Seoul. From the left, Park Hyungjun, President of the Korean Association for Public Administration, and Kim Hoonjung, Head of the Pension Business Division at PSTPS. PSTPS

The Policy Awards Ceremony has been held annually since 2010 to promote and share best practices in the fields of administration and policy by selecting and rewarding public institutions that have implemented outstanding policies.

At this year's ceremony, PSTPS was selected as an award recipient for its efforts in building a social safety net through the creation of the PSTPS Sharing Fund. In particular, the organization was highly praised for securing funding by participating in the public sector support project competition organized by the Public Interest and Solidarity Foundation, and for using both the support funds and its own budget to implement a medical safety net project (providing medical expenses for children from low-income families) and a social safety net project (supporting young people leaving social welfare institutions). These initiatives, achieved through inter-agency collaboration, were recognized as exemplary contributions to the government's inclusive social contribution efforts.

PSTPS plans to continue developing a variety of social contribution projects that foster mutual growth with the local community and contribute to social solidarity, including providing medical expense support and scholarships for students from low-income families.

Song Hajung, Chairman of PSTPS, stated, "This Excellence in Policy Award from the Korean Association for Public Administration is a valuable achievement made possible by the collaboration of not only public institutions, but also local governments, participating medical institutions, and social welfare foundations. We will continue to grow as a public institution that empowers both our clients and the public by practicing ongoing sharing and social responsibility."