April 20, 2024
Economy
Gov’t to keep push for corporate restructuring
[THE INVESTOR] South Korea’s finance minister said on Dec. 26 that he will keep stepping up efforts for corporate restructuring in the new year to build a permanent reforming system in the nation.
“I will continue to provide restructuring momentum next year for the future of the country,” Finance Minister Yoo Il-ho said in a meeting of ministers related to corporate restructuring in Seoul.
“Next year, the government will come up with pre-emptive measures by carrying out credit risk tests on a regular basis and checking potential risk factors in the key industrial sectors.”
“We will review action plans on revamping the four industrial sectors and map out detailed schemes for next year,” said Yoo.
He said the government encouraged companies to carry out voluntary corporate restructuring in line with the so-called “one-shot” act that offers them tax incentives and fast-track legal and administrative procedures.
(theinvestor@heraldcorp.com)
“I will continue to provide restructuring momentum next year for the future of the country,” Finance Minister Yoo Il-ho said in a meeting of ministers related to corporate restructuring in Seoul.
“Next year, the government will come up with pre-emptive measures by carrying out credit risk tests on a regular basis and checking potential risk factors in the key industrial sectors.”
“We will review action plans on revamping the four industrial sectors and map out detailed schemes for next year,” said Yoo.
He said the government encouraged companies to carry out voluntary corporate restructuring in line with the so-called “one-shot” act that offers them tax incentives and fast-track legal and administrative procedures.
(theinvestor@heraldcorp.com)
