Gov"t to Privatize Certain Areas

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Gov"t to Privatize Certain Areas

Government has decided to shuffle its organization once again.
Government run businesses such as railroads, procurement, rural development and cultural management bureaus might be transfered to public corporations or private ones, the government hinted.
Therefore those businesses and institutes will begin shifting their management structure and duties along the lines of independent groups. The Tax Administration Agency, especially, will enlarge its bulk comparable to the U.S.' level.
The government announced that it will assess 17 bureaus and affiliated agencies under them and choose 7 ones to be privatized by Feburary 1999.
Lee Kye Shik, who is leading the reform commented, 'Institutes with low efficiency and ability will be put in order and these shall be handed over to private parts.'
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