New Korea Midland Power Co. (KOMIPO) President Chung Chang-gil took office as the seventh president of the company at the Boryung Thermal Power Complex headquarters in Chungcheongnam-do on Jan. 26. Chung is the first KOMIO president who has previously served for the power company in any capacity.
Born in Hapcheon, Gyeongsangnam-do, in 1951, KOMIPO President Chung graduated from Korea University Administration Department in 1978. Chung had been in the industry field until 2012. He began his career at Korea Electric Power Co. in 1978. He quit KOMIPO as executive vice president in charge of management in 2012.
In his inaugural speech, President Chung said, “I’ll devote myself to establishing KOMIPO as a company recognized by people, which stands at a center of power companies by turning to communication and open management and gaining excellent marks in management evaluation.”
He urged labor and management to “collect wisdom with one mind” and become a leader in new energy industries, striving to become a company endeavoring to improve the quality of people’s lives by attaching top priority to managing changes and safety.
President Chung set his management tenets as: returning to the basics; pursuing growth; and having open management. He set forward the catchphrase “KOMIPO family opening a better future with one mind.”
KOMIPO President Chung held his inauguration ceremony at the power generation site, Boryung Thermal Power Complex, instead of the company headquarters in Boryung, indicating his determination to focus on communication and field-oriented management.
Following is part of his speech:
“We have to go ahead in all areas to survive competition among power companies, which is getting fierce. KOMIPO needs to have a strong power to take the initiative and proactively cope with any possible changes in the power industry in the future.”
He warned that the Korean and global power industries are undergoing unprecedented changes in the paradigm.
“Externally, great pressure for reducing greenhouse gas emissions as the post-2020 climate change pact is mounting, the government is demanding power companies’ new roles in the new energy industries, which emerge as new growth engines for national development, and a trove of private power companies entering the power market try to break the mold by overhauling the power transaction system,” he said.
“Despite the situation, when our mainstay businesses, Shin-boryung, Seoul Combined Cycle, Shin-seocheon, and Jeju LNG power plants are dedicated as planned, KOMIPO will see its standing rise to a global top-class energy company with the largest power generation capacity in the country and a competitive edge,” he added.
KOMIPO President Chung warned against a lax working attitude in the face of a crisis.
He called for corporate integrity to gain respect of the people.
Chung also urged labor and management to cooperate in the development of the company.
Lastly, he called for his executives and staff to be armed with a sense of crisis, caused by rapid changes in the management environment, to cope with changes to explore a better future and innovate.
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KOMIPO President Chung poses with his executives and officers as he was inaugurated as the seventh president of the power company at the Boryung Thermal Power Complex headquarters in Chungcheongnam-do on Jan. 26. (Photos:KOMIPO)
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