South Korea President vows to reform public enterprises
Reuters
Published Jul 04, 2022 10:44PM ET
SEOUL (Reuters) - South Korea President Yoon Suk-yeol on Tuesday said the government will aggressively cut expenditure and sell assets at public enterprises to better allocate public spending for growing welfare demand.
Speaking at a policy meeting, Yoon said he will preside over a meeting on the economy every week to address "pressing" issues including reform of public enterprises, soaring consumer inflation at a 24-year high and rising energy costs.
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Written By: Reuters
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