Gov’t to invest US$ 51 bil. through public institutions in 2020, mostly on building, energy sectors


the South Korean government will invest
more money through public institutions this year in order to support jobs and
keep the economy rolling at a meeting with relevant ministries today
Finance Minister hounam ji said the institutions will invest nearly 51
billion US dollars this year mostly on social overhead capital and the energy
sector now that’s an increase of some 5.5 billion dollars from last year also
the government will shorten the screening period for new investment by
public institutions to a maximum of 7 months from the current at least 10
months regarding the recent tensions between the u.s. and Iran the minister
said the government will monitor possible risks including uncertainties
in financial markets exports and oil prices

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