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.
Sources
- Prime Minister: Central Government Agencies in the Seoul Area to Begin Moving to Sejong in the First Half of Next Year대한민국 정책브리핑KOOfficial statement
- Five Generation Companies to Be Merged, LH Functions Split as 109 Public Institutions Are Reduced관계부처합동 / 대한민국 정책브리핑KOPress release
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South Korea's Public Institution Reform and Planned Reduction of 109 Entities
Tracks the South Korean government's 2026 public institution reform plan to reduce 109 entities through strategic restructuring, consolidation of overlapping functions, and integration of subsidiaries and smaller institutions, as well as its subsequent implementation.
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