Republic of Korea - Ministry of Planning and Budget (MPB)  

Introduction

The MPB is responsible for the development and implementation of nation fiscal policies including the formulation of the national budget , national fiscal management plan(MTEF), and public fund management plan, government's performance management; and public sector innovation. For more information see Ministry of Planning and Budget

Role

At the MPB, the NDPE (Non-Departmental Public Entities) Innovation Bureau assumes the responsibility of public sector innovation. More specifically, the NDPE Innovation Bureau is responsible for;

• Preparation of framework policy on public sector innovation
• Supervisory initiatives on the management of 14 government-invested institutions(equivalent to SOEs) and 88 government affiliated-institutions under close cooperation with the sponsoring ministries
• Appointments of outside directors and chief internal auditors of GIIs and relevant positions for other public entities
• Reform initiatives on the governance of public entities including GIIs and GAIs
• Other ministerial services in the areas requiring government's actions in managing public entities

Structure

NDPE Innovation is made up of five teams:

• Non-departmental Public Entities' Innovation Policy Team
• Non-departmental Public Entities' Governance Innovation Team
• Government-Affiliated Institution Policy Team
• State-Owned Enterprise Policy Team
• Non-departmental Public Entities' Evaluation Team

Size of organisation

NDPE Innovation Bureau employs 44 staff and currently has an annual budget of KRW 1,152 million.

Outputs

The NDPE Innovation Bureau provides advice to the Minister and proposes policy initiatives to promote management innovation of the public entities. The issues and coverage of the Bureau are quite diverse and challenging. The following are the key outputs of the Bureau;

• Framework policy on public sector innovation in 2005
• Preparation of reform initiatives to innovate the governance of public entities in Korea
• Enhancing disclosure of management information of the public entities by establishing an internet portal site at the ministry's website
• Performance evaluation of government invested institutions(14) and government affiliated institutions(88)

Hosting of various discussion sessions, forums, and meetings between the ministries, CEOs/EDs/chief internal auditors of the GIIs, and the GAIs, to disseminate the government's policy initiatives and share their experiences.

Portfolio of companies and entities

Government Invested Institutions (14)

• KEPCO (Korea Electric Power Corporation)
• KTO (Korea Tourism Organization)
• KHC (Korea Highway Corporation)
• KLC (Korea Land Corporation)
• KNHC (Korea National Housing Corporation)
• KNOC (Korea National Oil Corporation)
• KORES (Korea Resources Corporation)
• KOCOAL (Korea Coal Corporation)
• KOMSCO (Korea Minting and Security Printing Corporation)
• KOWRC (Korea Water Resources Corporation)
• KORAIL (Korea Railroad)
• KOTRA (Korea Trade-Investment Promotion Agency)
• AT (Korea Agro-Trade Corporation)
• KARICO (Korea Agricultural & Rural Infrastructure Corporation)

Government Affiliated Institutions (88)

• KDHC (Korea District Heating Corporation)
• KAB (Korea Appraisal Board)
• 88CC (88 Country Club)
• KICOX (Korea Industrial Complex Corporation)
• WAMCO (Workers Accident Medical Corporation)
• KSD (Korea Securities Depository)
• KHGC (Korea Housing Guarantee)
• KCTA (Korea Container Terminal Authority)
• EMC (Environmental Management Corporation)
• BPA (Busan Port Authority)
• KPX (Korea Power Exchange)
• KOBACO (Korea Broadcasting Advertising Corporation)
• KRA (Korea Racing Association)
• KRNA (Korea Rail Network Authority)
• ITEP (Korea Institute of Industrial Technology Evaluation and Planning)
• JDC (JEJU Free International City Development Center)
• KISTEC (Korea Infrastructure Safety & Technology Corporation)
• KESCO (Korea Electrical Safety Corporation)
• KOSEF (Korea Science and Engineering Foundation)
• KIPEQ (Korea Institute of Petroleum Quality)
• KIBF (Korea International Broadcasting Foundation)
• KINS (Korea Institute of Nuclear Safety)
• Korea Testing Laboratory
• KHFC (Korea Housing Finance Corporation)
• KHIDI (Korea Health Industry Development Institute)
• ENVICO (Korea Environment & Resource Corporation)
• KICET (Korea Institute of Ceramic Engineering & Technology)
• Korea National Park
• KBI (Korea Broadcasting Institute)
• KST (Korea Society of Ship Inspection and Technology)
• KOPTI (Korea Photonics Technology Institute)
• KGS (Korea Gas Safety Corporation)
• KVW & HC (Korea Veterans Welfare & Healthcare Corporation)
• KERIS (Korea Education & Information Service)
• KEMCO (Korea Energy Management Corporation)
• NYC (National Youth Center of Korea)
• KOFIC (Korean Film Council)
• HIRA (Health Insurance Review Agency)
• KIMFT (Korea Institute of Maritime and Fisheries Technology)
• IHK (The Independence Hall of Korea)
• KORA (Korea Radio Station Management Agency)
• KIPA (Korea IT Industry Promotion Agency)
• KFI (Korea Fire Equipment Inspection Corporation )
• NIDA (National Internet Development Agency of Korea)
• KIDP (Korea Institute of Design Promotion)
• RTSA (Road Traffic Safety Authority)
• KRF (Korea Research Foundation)
• KCPV (Korea Consumer Protection Board)
• KLEI (Korea Labor Education Institute)
• HRDSK (Human Resources Development Service of Korea)
• KNEF (Korea Nuclear Energy Foundation)
• CIPB (Coal Industry Promotion Board)
• KOTSA (Korea Transportation Safety Authority)
• KCSC (Korea Cadastral Survey Corporation)
• APGS (Animal Products Grading Service)
• KADO (Korea Agency for Digital Opportunity and Promotion)
• KOC (Korean Olympic Committee)
• KISA (Korea Information Security Agency)
• KSF (Korea Science Foundation)
• KESI (Korea Elevator Safety Institute)
• NCA (National Computerization Agency)
• KOCCA (Korea Culture & Content agency)
• KAMCO (Korea Asset Management Corporation)
• GEPC (Government Employees Pension Corporation)
• KTP (Korea Teachers Pension)
• ARKO (Arts Council Korea)
• SOSFO (Seoul Olympic Sports Promotion Foundation)
• NPC (National Pension Corporation)
• KEIC (Korea Export Insurance Corporation)
• KDIC (Korea Deposit Insurance Corporation)
• NHIC (National Health Insurance Corporation)
• KCGF (Korea Credit Guarantee Fund)
• KOTEC (Korea Technology Credit Guarantee Fund)
• KLWC (Korea Labor Welfare Corporation)
• KOSHA (Korea Occupational Safety＆Health Agency)
• IITA (Institute of Information Technology Assessment)
• KEPAD (Korea Employment Promotion Agency for the Disabled)
• KEPP (Korea Foundation for the Promotion of Private school)
• Korea Democracy Foundation
• KGDI (Korea Game-industry Development Institute)
• KOFA (Korea Film Archive)
• National Council of Sport for All
• AFIC (Agriculture & Fisheries Information Center)
• Busan Transportation Authority
• Livestock Health Control Association
• KJC (Korea & Japan Cooperation foundation)
• ASPO (Association Special Post Office)
• KFCGF (Korea Federation of Credit Guarantee Foundation)

See website for further information: MPB.