Ministry of Economy and Finance Conducts On-Site Inspections and Consulting at 25 Public Institutions with Inadequate Disclosures

[Sejong=Asia Economy Reporter Joo Sang-don] The Ministry of Economy and Finance announced on the 17th that it will implement a disclosure support program targeting 25 public institutions, including those with insufficient disclosures and those newly designated this year.

The targets include four institutions selected as insincere disclosure institutions based on the integrated disclosure inspection results conducted in the first half of this year: Seoul National University Hospital, Wonju Dental Hospital, Arts Management Support Center, and Korea Energy Foundation; 16 institutions that received institutional warnings such as Asia Culture Center, Korea Veterans Welfare and Medical Service, and Gongyoung Home Shopping; and four institutions newly designated as public institutions this year, including the Child Rights Protection Agency and the Self-Sufficiency Welfare Development Institute.

The Ministry of Economy and Finance plans to complete on-site inspections and consulting for these institutions by the end of this month to continuously improve disclosure quality. Additionally, integrated training will be conducted in September, just before the third quarter regular disclosure input (early October), targeting public institution disclosure officers. The ministry will also assign its employees as mentors to support the enhancement of disclosure capabilities of the responsible staff.

An official from the Ministry of Economy and Finance stated, "We will continuously cooperate with public institutions to improve user-centered manuals and listen to and resolve disclosure-related difficulties to minimize disclosure errors." He added, "We will continue to operate support programs for newly designated public institutions and those with insufficient disclosures to strengthen the disclosure capabilities of public institutions."

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