Economic news
South Korea President vows to reform public enterprises
2022.07.05 06:06
FILE PHOTO: South Korea’s President Yoon Suk-yeol attends a NATO summit in Madrid, Spain June 30, 2022. REUTERS/Susana Vera
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.
