Execution of 39.9 Trillion Won by 26 Public Institutions in the First Half... 'Highest Ever'

[Financial News] It was found that state-owned enterprises and public institutions executed 39.9 trillion won in the first half of this year. This is the highest level ever for the first half.
 The Ministry of Strategy and Finance held a 'Public Institution Investment Execution Review Meeting' on the 23rd, presided over by Lim Gi-geun, the 2nd Vice Minister of the Ministry of Strategy and Finance, to review the performance of the first half.
 The investment execution performance of 26 major public institutions, including Korea Electric Power Corporation and Korea Hydro & Nuclear Power, in the first half of this year was 39.9 trillion won, exceeding the first half target (37.6 trillion won). This figure increased by 2.9 trillion won compared to the previous year. The target investment execution amount for this year is 66 trillion won.
 Vice Minister Lim said, “As the government is focusing all efforts on recovering livelihoods and economic vitality through supplementary budgets, public institutions should also execute planned investments and supplementary budget projects in the second half with speed and discover additional projects.” He continued, “We must redefine the role of public institutions in a direction that also participates in implementing national strategic agendas such as artificial intelligence (AI), energy, defense industry, safety, and trade and small business support.”

spring@fnnews.com Lee Bomi Reporter