National Productivity Improvement Awarded by Prime Minister in 2016
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Han Dong-woo, Chairman of Shinhan Financial Group, received the Golden Tower Medal of Merit at the 40th National Productivity Competition for his contribution to the innovation activities of the financial industry. Lee Hyo-koo, Vice President of LIG Nexon, received the Silver Tower Order of Merit from the Ministry of Defense for the expansion of exports in the defense industry and continuous improvement of competitiveness.
The 40th National Productivity Competition was held at the COEX Auditorium in Samsung-dong, Seoul, hosted by the Korea Productivity Center (KPC) hosted by the Ministry of Commerce, Industry and Energy. The National Productivity Competition is an event in which companies, corporations, organizations, and elders who contributed to the nation’s economic development through industrial productivity improvement are searched every year. It is considered to be one of the most prestigious productivity events in Korea.
19 winners and 44 companies won this year’s competition. In addition, President Roh Myeong-dong of the Korea Management Innovation Small & Medium Business Association, Shin Byeong-gyu of Daelim Bartos, and Cho Yongho of Yeongwoo CEO were awarded industrial packaging. In the corporate sector, five companies, including Hanwha, Kogei Industry, Turbo PowerTek, Kumho Resort, and South Korea Power, received the Presidential Citation. Future Tech, MegaGen Implant, Commax, Yuhan University, Uralala Lab, and Lopa received the prime minister ‘s award.
The award rate of SMEs is 75% of the total, up from 69% last year. As a result of evaluating creative productivity, Korea Productivity Center explained that winners increased in small and medium enterprises, service businesses, and start-ups (new venture companies).
About 800 people attended the ceremony, including representatives of economic organizations, award-winning companies and industry employees. The prime minister of the Hwangyong Province encouraged the efforts of industry contributing to national economic development, including those who have benefited from productivity gains. The Korea Productivity Center plans to hold a tour of best practices of award winning companies in Daejeon, Gwangju, Daegu, Seoul, from next month to November.