Seoul, South Korea – The South Korean government has announced that 26 major public institutions will collectively invest 66 trillion won (approximately US$50 billion) this year to stimulate the economy and improve public services.
The Ministry of Economy and Finance revealed this ambitious investment plan during the first public institution investment execution review meeting held on Wednesday. This investment target represents a 2.5 trillion won increase from the previous year's 63.5 trillion won.
To ensure a swift economic recovery, the government is prioritizing front-loaded investments, with public institutions aiming to execute 57% of their total investment, amounting to 37.6 trillion won, in the first half of 2025. This marks a substantial increase of 2.7 trillion won compared to the same period last year and sets a new record for upper-half investment.
During the meeting, Ahn Sang-yeol, Director-General of Fiscal Management at the Ministry of Economy and Finance, emphasized the crucial role of public institutions in stabilizing people's lives and boosting the economy. He urged for concentrated investment in the first half and meticulous management of the execution process.
[Copyright (c) Global Economic Times. All Rights Reserved.]
