Korea Hydro & Nuclear Power (KHNP) was presented with the Safety Management Grand Prize at the 2016 Global Standard Management Awards ceremony at the Seoul Grand Hilton on Nov. 2.
Organized by the Korea Management Association and hosted by the Ministry of Trade, Industry and Energy (MOTIE) and the Small and Medium Business Administration (SMBA), Global Standard Management Awards are presented with the goal of improving global competitiveness in the industry community as well as exploring and spreading excellent management practices. Award-winning companies and institutions are required to undergo a three-stage screening process based on stern evaluations standards. Global Standard Management Awards are composed of eight categories, including safety management, quality management, green management, and social contributions.
Early this year, Korea Management Association Registration Inc. (KMAR) evaluated publicly released data of 1,456 companies with more than 50 billion won in sales and more than 300 employees and selected companies recognized for their excellent safety management practices. In June, KMAR announced the list of top 100 Korean companies praised for their prominent safety management practices.
“KHNP is highly evaluated for its CEO’s management tasks, employee’s awareness toward safety, its public image related to safety and the provision of technology support related to safety to cooperative companies,” KMAR said.
As public concern toward safety across the whole of society has mounted, especially in the wake of recent earthquakes in the Gyeongju area, KHNP has declared safety a top priority.
KHNP President Cho Seok said, “This award means the positive evaluation of our company’s setting safety of as one of our core values and translating it into action, and we will continue to secure safety of not only nuclear power units but also that of our cooperative companies on a constant basis,” he added.
KHNP to Offer 4.2 Billion won in Support of SMEs
KHNP said on Oct. 27 the company will provide 4.1 billion won in support of management consulting to local SMEs.
KHNP signed the 2016 contract on comprehensive support for management innovation with the Large and Small Business Foundation and Korea Productivity Center at the K Gyeongju Hotel in Gyeongju on Oct. 27. Under the project, regional SMEs will be allowed to gain easy access to the nuclear power industry.
The fund will be funneled into a project to help around 120 SMEs receive management consulting or introduce and develop equipment. Each recipient will receive a maximum of 80 million won and 20 million won in support for overhauling manufacturing processes or developing IT and software in IT in industry the innovation category, respectively.
In the process, 15 recipients and 44 SMEs have been selected in industry and innovation categories in a public contest held in August. Recipients will receive support starting this year after their improvement tasks are finalized.
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