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South Korea to cut public sector after growth under liberal gov’t

South Korea to cut public sector after growth under liberal gov’t

President Yoon Suk-yeol has promised to aggressively cut spending and sell non-core assets at public enterprises.

South Korea’s new government has said it will streamline public organisations, citing concerns about efficiency after a rapid expansion in their operations under the previous administration.

The government will cut the number of employees and reduce expenses at the organisations as the first step in a planned series of reform measures, Finance Minister Choo Kyung-ho said in…


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