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Innovation drives Kogas’ practices

Published: 27 Feb. 2014, 21:11

Kogas encourages its employees to improve the organization by opening a contest for ideas every year.

Korea Gas Corporation’s emphasis on innovation in management is reflected in its unique vision, BnF (Best and First). Through this motto, the world’s largest liquefied natural gas importer aims to achieve continuous innovation with various policies.

Kogas actively encourages employee involvement in each step of its work processes. Employees voluntarily engage in community of practice (CoP) activities to create resources and improve problem-solving skills.

A total of 484 CoPs were in operation last year. If more than three people have ideas for business improvement, they can form a CoP and upload the results of executing an idea on a knowledge management system (KMS), turning them into resources for other employees to refer to. Kogas annually selects and rewards the best practices to encourage innovation.

Efforts for innovation in management also boosted Kogas’ financial performance. Achievements through knowledge management activities resulted in revenues of 315.8 billion won last year, 71.2 percent higher than the previous year.

By Kim Young-shin [[email protected]]