Korea South-East Power Co. (KOEN) Executive Vice President Hong Seung-ui was presented with the Presidential Award in the individual category of Korea National Quality Awards at the 41st National Quality Management Convention in Seoul on Nov. 18.
KOEN Executive Vice President Hong, a director in charge of management, has been credited with establishing an agency specializing in SME exports, the first-ever such public entity, and clinching contracts worth $8.24 million in a joint market exploration as KOTRA’s cooperative business partner as part of its efforts to expand SMEs’ exports and strengthen competitiveness through shared growth and quality management.
Hong has been praised for his roles in KOEN’s achieving the best performances among power companies by establishing global standard quality management models. KOEN made the best-ever business performances since its founding in 2014 —chalking up 116 billion won and 383.2 billion won in net profit in 2013 and 2014, respectively. The power company also achieved the lowest power generation unit price with 69.4 won among coal-fired power companies; the highest factor capacity rate with 83.9 percent; and the lowest coal purchase price with 16,298 won/Gcal, thus contributing to supplying electricity in an economical and stable fashion.
Hong has been lauded for his contribution to enhancing management quality and field quality competitiveness through companywide quality management innovation. He spearheaded the spreading of the 2013 Korea National Quality Award model to all value chain areas, the establishment of an integrated one-line management system for quality management, and the integrated management of maintenance firms qualified for five power companies and the operation of a system sharing construction technologies with cooperative companies. KOEN won 16 presidential awards in the 2014 national quality task circle competition. The power company has established a system to prevent forged documents on testing materials and equipment, and related process. It has 114 task circles, 89 Total Productive Maintenance (TPM) teams, and 71 coefficient of performance (CoP) teams.
He has been credited with spreading inside and outside quality management practices through management leadership. KOEN launched TPM and value engineering, and six Sigma campaigns in 2009 as well as a Triz drive in 2013. The power company addressed 537 innovation tasks in 2014, gained 16 patents and explored 115 hidden cost cases.
Hong has been praised for leading volunteering activities lasting a combined 13,177 hours on a total of 311 occasions during the period between 2014 and May 29015, including campaigns to love neighbors, and those to support cultural and art events, the Sunny Project sharing with the energy poor using electricity and the creation of 14,234 job in the private sector in 2014.
KOEN Executive Vice President Hong, who once served as a director in charge of sales at KEPCO, were praised for his roles in establishing of the national smart gird business project to improve electricity quality and reliability. He was applauded for his roles in rationalizing an electricity charging system, contributing to national development.
KOEN also took home the Presidential Award in the organization category of Korea National Quality Awards.
KOEN, spun off from KEPCO in 2001, is committed to ensuring an economical and stable supply of quality electricity through five power generation complexes, including Dangjin, Ulsan, Honam, Donghae and Ilsan thermal power complexes. The company is aggressively engaged in small hydro power, fuel cell, photovoltaic power, wind power and other new and renewable energies both at home and overseas. KOEN has a power generation capacity of 9,139MW, accounting for 9.8 percent of the Korean electricity market. True to the corporate vision “2030 Most Valuable Power Company,” KOEN has set CEO management tenets as creativity and innovative management; transparency and principle management; communication and reliable management; future growth and global manpower development; sharing of values and shared growth.
As part of its efforts to improve productivity, KOEN conducted a productivity evaluation and a management system analysis. Based on the outcomes of the evaluation, KOEN became the first public Korean entity to establish a system to improve productivity: exploring strategic tasks and establishing a roadmap for improving productivity. The company aims to ramp up productivity 30 percent and save an aggregate 415.3 billion won in costs by 2019. The company set 13 strategic tasks, including the spreading of a trouble-free power operation drive in the capital, labor and knowledge areas. KOEN has been consistently examined after inaugurating a taskforce for pushing the improvement of productivity.
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