Newly inaugurated Korea Midland Power Co. (KOMIPO) President Park Hyung-gu took office as the eighth president & CEO of the power company at the KOMIPO headquarters in Boryeong, Chungcheongnam-do, on Feb. 13.
In his inaugural speech, President Park said, “(I) won’t stop looking at environment changes and become an open-minded CEO who can lend an ear to diverse inside and outside views to make well-defined decisions.” President Park stressed one mind among executives and staff members. Park said he will devote himself to tearing down organizational barriers between seniors and juniors, between labor and management and between men and women and between work sites to launch what is dubbed “a New KOMIPO” that grows a new by becoming one.
To this end, Park said, KOMIPO will pursue trust management, focusing on basics and principles to become a company trusted by the people, value management designed to secure sustainable growth through diverse value-creating activities, and happiness management satisfying all.
His three-year term ends on Feb. 12, 2021.
President Park, a graduate of Sungkyunkwan University Department of Business Administration, entered Korea Electric Power Corp. in 1977. He held such positions as deputy general manager in charge of test operation at the Taean Thermal Power Complex, a team head, and chief of KEPCO’s operation in Lebanon. Park also served as chief of KOMIPO, head of the Boryung Thermal Power Headquarters and head of the Technology Headquarters after KOMIPO was spun off from KEPCO. KOMIPO’s project to extend a helping hand to its cooperative CEOs paid off: beneficiaries winning export contracts worth 10 billion won.
The program, dubbed “K-Jangbogo Project,” which started in February 2017, topped 10 billion won in export contract amounts as of the first month of 2018.
KOMIPO implemented the project as a specialized joint overseas market entry program since 2010. In February 2017, KOMIPO president headed a delegation comprising of representatives of 20 cooperative SMEs and hosted sessions to publicize their products and hold export consultations for the registering of vendors of global companies, including GE and Siemens, and made efforts to expand exports by providing a list of excellent SMEs who cannot afford to participate in the overseas event.
Thanks to KOMIPO’s efforts, 22 cooperative SMEs became GE vendors, and the registered companies signed deals worth a combined 24.2 billion won with GE on the construction of a power plant.
KOMIPO hosted a one-on-one export consultation session between Korean SMEs and invited foreign buyers and procurement officials at the Cirebon Thermal Power Plant in Indonesia, being operated by the power company last July. KOMIPO headed a delegation consisting of 17 “excellent companies,” which toured Mitsubishi Hitachi Power Systems plant in Kure, Japan, and 17 Korean companies became vendors of MHPS. Korean companies registered as vendors signed two deals worth about 9000 million won.