Korea Southern Power Co. President Lee looks at the inside 

of a power unit at the Hadong Thermal Complex in summer.

Korea Southern Power Co. (KOSPO) is fully aware of the public demand for more transparent management of all power companies especially in the area of dealings with suppliers of various parts for their power plant facilities.

 KOSPO, an affiliate of Korea Electric Power Corp., has decided to kick off a third-generation intensive management reform project named “KOSPO Wi-Pi 3.0” so that it will become a model for other power companies.

“Wi” is the abbreviation of Win while “Pi” is derived from “Potential Idea” or “Platform Innovation.” The power company wants the declaration to be followed up by its vendors and the public as an open and reformative decision-making system. In the past, the company’s reform efforts went to cost cutting and making management effective, but the reform measures this time will be on cooperative projects, opening to the outside, and sharing management ideas through open communication.

Korea Southern Power Co. President Lee Sang-ho (photos: KOSPO)

KOSPO will be open to all cooperative firms directly or indirectly related to its operation by sharing with them all kinds of information on its operation in order to build a joint ecological system for mutual survival.

The power company also drew up 37 steps detailing how to go about achieving the declaration, which includes providing support to SMEs to go overseas for business and jointly developing new technologies to start a business with by-products from power plants.

KOSPO also has created an “open-type reform committee” to check the problems that its 300 SME vendors might have and research their ideas for reform if they have any. The company will also operate “KOSPO 9988 Platform” at its local offices around the country for those SMEs that want to enter the power market.

KOSPO also plans to buy 100 billion won worth of products from small businesses with poor financial conditions and handicapped people. The company bought 13.2 billion won worth of commodities from the companies owned or headed by women last year and plans to increase the amount this year.

The power company also has been pushing its campaign entitled, “Triple Zero” to prevent disasters, crises, and mistakes by humans.