Budget ministry to restructure 900 state projects, save up to 7.7 tln won
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Source: South Korea
Published: 2026-05-18 17:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Asia, South Korea, Tax & Budget, Asia Pacific
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Snippet:
SEOUL, May 18 (Yonhap) -- South Korea's budget ministry said Monday it has designated around 900 state-funded projects for budget cuts, consolidation or abolition in a move expected to help the government save up to 7.7 trillion won (US$5.12 billion).
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