Chairman Chung Dong-hee of Korea Power Exchange (KPX). (Photos: KPX)

Chairman Chung Dong-hee of Korea Power Exchange (KPX) declared four management tenets to achieve its vision of being a power business convergence platform provider to spearhead future eco-friendliness.

Those tenets are customers’ trust, collaboration & communications, future-oriented attitude and cooperation for shared growth.

KPX Chairman Chung took office as the ninth chairman of KPX for his three-year term in an inauguration ceremony at KPX headquarters in Naju, Jeollanam-do, on April 1.

In accordance with the management tenets, Chairman Chung stressed the creation of outcomes based on the strengthening of organizational capabilities and principles to cope with outside and inside management environment changes, as well as being reborn into a future-oriented institution capable of contributing to the development of the power industry and the national economy by concentrating in-house capabilities based on communications and cooperation.

Chung said it is more important than ever for KPX to play a leading part in complying with environmental changes by pondering what roles state and society expect from KPX in advance and working out alternatives.

He called for his executives and staffers to nurture their capabilities so that they can produce outcomes to the extent people can sense.

In accordance with KPX Chairman Chung’s new management tenets, KPX executives and staffers vowed to make a new resolution to make a leap forward through harmony of individuals and organization.

The management tenets reflect outside and inside management environment changes to search for values in customers, organization and individual, as well as people’s perspective on the occasion of the 20th anniversary of its establishment.

In his inaugural speech, KPX Chairman Chung said, “KPX, marking the 20th year of its founding this year, has come of age, a time to establish a future identity of a youth and make a new leap forward, compared to humanity.”

“KPX ponders several things to make a leap forward, but one of the most important is to faithfully live up to its own roles,” Chairman Chung said. He stressed the importance of righteous management as a public entity and expanded institutional responsibilities through state energy policies and the “Korean New Deal.”

During his term, he said KPX will prioritize realizing a low-carbon society through the support of an energy paradigm shift based on the strengthened foundation of a stable power supply regime, overhauling the power market and power grid operation regime, and building an institutional foundation to expand renewable energy and dispersed energy resources.

A view of Korea Power Exchange’s Central Power Control Center.

KPX Gets ‘A’ in 2020 Public Entity Safety Activities Evaluation by MOEL

KPX was awarded an “A” in the 2020 public entity safety activities evaluation, conducted by the Ministry of Employment and Labor (MOEL).

The public entity safety activities evaluation made its debut in 2019 with the goal of helping public entities establish safety management regimes and improve worksites’ safety and health levels.

Each entity is evaluated for its comprehensive safety management levels based on 25 categories in four sectors – safety health management regime, management, activities and outcomes.

KPX was given an “A” grade in both an absolute evaluation of all evaluation candidates and relative evaluation of commissioned quasi-government institutions.

KPX has been credited with demonstrating its CEO’s leadership toward safety/health management and willingness to put it into practice, and establishing a plan to maintain and improve worker’s health and executing it.

The corporation was also recognized for pushing for safety/health management goals and action tasks and yielding outcomes.

KPX Chairman Chung said, “Despite the difficulties, caused by the COVID-19 pandemic, we at KPX have been able to prevent safety accidents related to the construction of the new structure for KPX’s Jeju headquarters, whose dedication is slated for late this year by continuously strengthening companywide safety management activities and expressed our determination to be a public entity prioritizing even the safety of people.”