New President Shin Jeong-shik delivers his inaugural speech as he took office as the 8th president & CEO of Korea Southern Power Co. (KOSPO) at the grand auditorium of the Busan International Financing Center in Busan on March 8. (Photo: KOSPO)

Ajou University Prof. Shin Jeong-shik took office as the 8th president & CEO of Korea Southern Power Co. (KOSPO) at the grand auditorium of the Busan International Financing Center in Busan on March 8. 

New KOSPO President Shin, born in Busan in 1952, graduated from Busan High School and Seoul National University Department of Trade. He served such positions as president of Korea Energy Economics Institute, chair-professor at Konkuk University and Chung-Ang University, and professor of Ajou University Department of Energy Systems Research.  

While delivering his inaugural speech, president Shin espoused three management tenets: eco-friendliness, spearheading innovation, and happiness of people. 

He revealed his determination to devote himself to “endless technology development” to achieve the company’s vision of eco-friendliness and public interests and make KOSPO a public energy entity trusted and beloved by people through management innovation. He also urged executives and staff to create a sense of unity through communication and harmony to be reborn as a representative public entity. He asked everyone to attach a top priority to ensuring integrity and ethics.

Since his inauguration, President Shin adopted a joint labor-management statement with KOSPO trade union head Song Min, in which both sides agreed to create good jobs to realize a “futuristic labor-management culture,” successfully accomplish state agendas like realizing a “just society,” respecting labor and fulfilling the social responsibilities of a public entity. 

In accordance with the deal, labor and management agreed to produce clean, safe power and realize shared growth between labor and management by joining efforts to create a corporate culture based on changes and innovation. 

KOSPO Spearheads Job Creation Through New and Renewable Energies 

KOSPO accelerated efforts to create jobs by expanding new and renewable energy projects like those related to photovoltaic power ventures and the installation of 100 Korean-made wind power units. 

The power company participated in a pavilion specializing in new and renewable energies at an exhibition hosted by the Presidential Commission on Job Creation and the Ministry of Interior and Safety. 

The exhibition served as an opportunity for local government and regional public entities to share experiences and expertise on job creation. They set up about 1,100 public relations pavilions on job creation.

KOSPO and other power companies installed a joint pavilion to introduce job creation projects related to new and renewable energy projects. KOSPO publicized five projects calling for creating 26,000 jobs, including the Mt. Ukbaek Wind Power Project in Samcheok and photovoltaic power projects in rural village areas.