Government Conducts 4,000 On-Site Inspections for Suspicious National Subsidy Cases in the Second Half of the Year

The government will conduct on-site inspections of projects suspected of fraudulent signs in national treasury subsidies across all ministries in the second half of this year.

On the 25th, the Ministry of Economy and Finance announced that at the Fiscal Management Strategy Committee chaired by Vice Minister Kim Wan-seop, they discussed the implementation plans by relevant ministries for major fiscal issues decided at the recent National Fiscal Strategy Meeting.

First, national treasury subsidies will be comprehensively reviewed for all ministries during next year's budget formulation process, and on-site inspections will be conducted on approximately 4,000 subsidy projects suspected of fraudulent signs in the second half of this year. Additionally, the government plans to significantly reduce the practice of "dividing up" and habitual research and development (R&D) projects, while expanding investment in world-class international joint research and nurturing emerging researchers.

Kim Wan-seop, Vice Minister of Strategy and Finance, is delivering opening remarks while presiding over the '3rd Fiscal Project Evaluation Committee Meeting of 2023' held on the 20th at the Korea Trade Insurance Corporation in Jongno-gu, Seoul.

A blueprint to establish a complex cultural space combining youth culture and workplaces (Space K) is also planned to be formulated within this year. Regarding the significantly expanded Official Development Assistance (ODA) investment, the government intends to focus more on execution management through consultations among related ministries and agencies. Efforts will also be made to improve soldiers' living and medical conditions. This includes promoting the supply and renovation of officers' quarters and securing skilled medical personnel. To ensure that military service experience is properly recognized in employment and other areas, the issuance of military job competency certificates will be implemented.

Starting in the second half of this year, the number of foreign skilled workers will be increased by an additional 30,000. Furthermore, a cooperative system among related ministries will be established to expand the overseas dissemination of the Korean language. In particular, to expand the overseas promotion of Korean, cooperation with education offices will be strengthened to increase the dispatch of related personnel such as Korean language specialists, while also enhancing textbooks and educational programs.

Vice Minister Kim said, "To provide the essential services to the public thoroughly and effectively, we will strengthen inter-ministerial collaboration and continuously monitor the implementation plans," adding, "We will support these efforts without fail through institutional improvements and budgetary measures."

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