Public institutions are institutions, which are established or owned or financially supported by the government to provide
public services. There are 286 public institutions under the ‘Act on the Management of Public Institutions’ in Korea. Most private companies are evaluated on their business performance by market indicators such as stock price, revenue and market share. Due to the non-commercial activities and exclusiveness of public institutions, on the other hand, their performance should be evaluated by something different from those of private companies. The Ministry of Strategy and Finance commissions ‘the member of evaluation group’ comprised of about 170 members to conduct the performance evaluation of public institutions under the ‘Act on the Management of Public Institutions’. Through the deliberation and decision of Public Institution management committee, the evaluation result is published annually.
□ Principle of evaluation indicators
Evaluation indicators are composed of “plan-execution-result” in order to evaluate the performance of public institutions
□ The history of public institution evaluation system
Public institution evaluation system was firstly introduced in 1968 and has been developed and modified according to the relevant laws.
□ The number of public institutions evaluated in 2010
There are 21 SOEs, 34 Quasi-governmental organizations (general) and 45 Quasi-governmental organizations (medium and small size)
1) Institution evaluation: differentiated indicators and weight values based on the types of public institutions
2) Head of institution evaluation
Regardless of the type of institutions, the uniform indicators and weight values are used in Head of institution evaluation.
