South Korea's Public Institution Reform and Planned Reduction of 109 Entities

Government Announces Reform Plan to Reduce 109 Public Institutions

The government announced a public institution reform plan covering a reduction of 109 entities: 15 through strategic restructuring, 11 through consolidation of overlapping functions, and 83 through integration of subsidiaries and smaller institutions. The plan includes the merger of the five generation companies, consolidation of port authorities, integration of Korea National Oil Corporation and Korea Gas Corporation, restructuring of Korea Land & Housing Corporation, and unification of high-speed rail operations.

• Korea Land & Housing Corporation
• Korea National Oil Corporation
• Korea Gas Corporation