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Gov't to push for drastic overhaul of state firms' ownership, evaluation system

All Headlines 14:25 June 14, 2018

SEJONG, June 14 (Yonhap) -- The government will push for the drastic overhaul of state firms' ownership structure, evaluation system and other schemes in a way that helps them seek voluntary changes, a high-ranking government official said Thursday.

In a forum, Deputy Finance Minister Kim Yong-jin said the government will roll out a set of measures soon to revamp the state-invested firms, after gathering opinions from various sectors.

"State firms should regain the confidence tarnished by corruption and irregularities," Kim said. "What's more important is that they should seek voluntary change, and to that end, the government will review their ownership, payment and assessment schemes."

President Moon Jae-in has called for stepped-up efforts to eradicate what he called deep-rooted and pervasive job-related corruption at public firms.

In October of last year, the government launched a probe of all state-funded firms to find out if any job favors were given to children of influential people in politics and business circles amid rising public anger over reports of illicit employment.

Earlier, some 10 public firms, including Kangwon Land, a state-run casino operator, came under fire for hiring new workers at the request of influential public and business figures.

This undated file photo shows Deputy Finance Minister Kim Yong-jin. (Yonhap)


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