Lawmakers' Fight May Delay Reform

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Lawmakers' Fight May Delay Reform

The "crippled operations" of the National Assembly may set back the government's timetable to raise public funds to drive financial and corporate restructurings, the Ministry of Finance and Economy said Sunday.

The government may be forced to revise its plan to complete the restructuring by the end of this year, an official at the ministry said, if the ruling and opposition parties fail to resolve the ongoing dispute over the impeachment of the prosecutor general and do not approve the raising of additional funds on Thursday as planned.

The government plans to distribute the support money next month. If distribution is delayed, the official said, foreign investors will lose confidence in domestic markets.

The funding is needed soon to keep restructuring on track to be completed by the end of the year, the official said.

by Song Sang-hoon

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