Seoul: Seven out of ten leaders of state-run companies and institutions have more than one year left in their terms under the newly established Lee Jae-myung administration, as revealed by a corporate tracker on Tuesday. This indicates a significant portion of leadership stability within public organizations amidst the transition of government.
According to Yonhap News Agency, 221, or 70.8 percent, of the 312 current chiefs at public entities have over one year remaining in their terms. This assessment is based on an extensive analysis of data from AL10, the public institution management information disclosure system, which covers 331 public organizations. Leaders Index further reported that 19 of the 331 organizations are currently without leadership, as their positions remain vacant.
The corporate tracker also noted that 56 leaders with more than a year left in their terms were appointed following former President Yoon Suk Yeol's declaration of martial law on December 3. Additionally, 53 leaders were appointed after the National Assembly's bill to impeach Yoon on December 14. These appointments have sparked concerns about potential "midnight appointments" that could hinder the new government's ability to effectively oversee state affairs.
For those with less than a year remaining in their terms, 38 leaders are expected to complete their tenure by the end of this year. Meanwhile, 21 positions have already seen their terms expire. Including the 19 currently vacant posts, the new administration is anticipated to appoint 78 new agency heads by the year's end.