South Korea‘s state-owned Land and Geospatial Informatrix Corporation (LX) said Monday it won high ratings in a performance evaluation on Korean state-owned enterprises and quasi-public institutions for its “public-friendly” policies in 2017. 

Of 123 institutions assessed by the Ministry of Strategy and Finance, the LX was one of the three in Korea that earned grade A in evaluation both on a curve and by absolute values, according to the state-run geospatial information provider that released the results in June. The LX was the only one affiliated to the Land Ministry that earned such grades.

For instance, an overhaul of regulations concerning public use of the cadastral survey service in 2017 has allowed more people to be exempt from commission fee payment, the company explained. The adoption, designed to support the marginalized according to the company, has lessened the financial burden worth some 40 billion won ($36 million) for public. Moreover, following the revision, some 37,000 households were offered cadastral surveying free of charge, the firm said.

Also last year, the LX transformed 284 nonregular in-house jobs into regular ones, in the nation where regular jobs are considered highly stable and sought after by employees. The figure accounts for some 95 percent of the entire contract jobs.

Other reasons behind the LX’s grade A include a startup incubating space for those having a business idea using spatial information, as well as a recategorization of land system.

Founded in 1977, the LX earned its current name in 2015 and is now headquartered in Jeonju, a city in North Jeolla Province. The company has carried out overseas projects in 18 countries.

By Son Ji-hyoung 
(consnow@heraldcorp.com)