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S. Korea: Gov't to Tighten Grip on Public Firms' Debts |
| Source: |
yonhapnews.co.kr |
| Source Date: |
Sunday, April 08, 2012 |
| Focus: |
ICT for MDGs
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| Country: |
Korea (Republic of) |
| Created: |
Apr 10, 2012 |
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The government will tighten its financial management of nearly 40 public corporations with large amounts of debt in a bid to keep them from placing a burden on the nation in the future, the finance ministry said Sunday.
A total of 39 public companies with assets of 2 trillion won (US$1.8 billion) or more, including Korea National Oil Corp. and Korea Asset Management Corp., will be required to submit plans to improve their balance sheets by the end of June, the ministry said.
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S. Korea: Gov't to Tighten Grip on Public Firms' Debts The government will tighten its financial management of nearly 40 public corporations with large amounts of debt in a bid to keep them from placing a burden on the nation in the future the finance ministry said Sunday
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