South Korea Halts State Asset Sales After Discount Allegations

Bloomberg•Monday, November 3, 2025 at 11:42:34 AM

South Korea's President Lee Jae Myung has put a stop to government asset sales amid serious allegations that the previous administration sold state properties at significantly reduced prices. This decision is crucial as it aims to enhance oversight and ensure transparency in public asset management, addressing concerns about potential mismanagement and corruption. The review of ongoing and planned transactions reflects a commitment to accountability and responsible governance.

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