Korean PM: "Through Structural Reform, Unification, and Integration, Public Institutions Reduced by 109"
6 Articles
6 Articles
The government is reducing the number of public institutions by 109, including consolidating the five power generation companies and merging the Korea National Oil Corporation and the Korea Gas Corporation. This is a massive reorganization amounting to approximately 20% of all public institutions. On the 3rd, relevant ministries, including the Ministry of Finance and Economy, announced the "Plan for Promoting Functional Reform of Public Institut…
Korean Government Overhauls 109 Public Institutions
Prime Minister Han Seong-suk holds a press conference at the Government Seoul Building in Jongno-gu, Seoul, on [Month] 3, regarding the relocation of administrative and public institutions and the reform of public institution functions. (Yonhap) The government is pushing ahead with the mergers and abolitions of 109 public institutions and a full-scale second phase of regional relocations in order to resolve the overcrowding in the Seoul metropol…
The government is pushing for the consolidation of 109 public institutions and subsidiaries, including integrating the five power generation companies into one and separating the Korea Land and Housing Corporation (LH) into development and housing welfare functions. It has decided to extensively reorganize public institutions responsible for core national infrastructure, such as consolidating four port authorities that perform similar functions …
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