In recent years, the government efforts to restore transparency of operation and ra-tionalization of management scored achievement to some extent through various legislative measures and institution. Nevertheless, there have been social voices to express discontent that public corporations are operated inefficiently compared to private corporations in the same industry. Therefore, it is needed for the govern-ment to check up whether public corporations improve management efficiency rather than continue reckless management by implementing evaluation.
During recent six years (2004-2009), according to the evaluation of profit and fi-nancial structure based on management performance and finance data of 22 public corporations, there has been radical rise in asset and sales without increase of profit.
Financial status indicators, which once improved by enhanced debt management after Asian financial crisis, have been deteriorated again since 2006.
Accordingly, it is possible to increase government fiscal burden followed by de-fault of public corporation.
More active and systematic measures are necessary for the public corporation to be more competitive and to respond the effort to improve management efficiency including profit and enhanced financial structure.
During recent six years (2004-2009), according to the evaluation of profit and fi-nancial structure based on management performance and finance data of 22 public corporations, there has been radical rise in asset and sales without increase of profit.
Financial status indicators, which once improved by enhanced debt management after Asian financial crisis, have been deteriorated again since 2006.
Accordingly, it is possible to increase government fiscal burden followed by de-fault of public corporation.
More active and systematic measures are necessary for the public corporation to be more competitive and to respond the effort to improve management efficiency including profit and enhanced financial structure.