Ministry of Economy and Finance Reviews Progress on Rapid Execution in Public Institutions

According to the Ministry of Economy and Finance, Kim Yoon-sang, the 2nd Vice Minister of the Ministry of Economy and Finance, chaired a meeting on public institution investment and execution inspection at the Korea Deposit Insurance Corporation on the 6th, discussing the progress of rapid execution in the first half of the year by major public institutions and future plans to enhance execution performance.

The 10 public institutions attending the meeting presented the status of rapid execution promotion up to the end of February and their future project management plans. The institutions reported that "full-scale fund execution will proceed from March, when large-scale construction projects begin after seasonal factors are resolved."

Vice Minister Kim stated, "The roles of the government and public institutions are crucial to improving the perceived economy and supporting the revitalization of the construction industry," urging the establishment of a continuous project inspection system starting from March, when fund execution is concentrated. He also explained that the government is actively considering incentive measures for rapid execution and is continuously working to improve on-site execution conditions.

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