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Live Updates  >  Live Update Details

2025-11-03 16:56:27

[South Korea Suspends Government Asset Sales and Launches Comprehensive Review] ⑴ South Korean President Lee Jae-myung issued an emergency order on Monday, largely suspending government asset sales. ⑵ He instructed all ministries to conduct a comprehensive review of ongoing or planned asset sales projects. ⑶ He stipulated that any asset sale deemed unavoidable must obtain prior approval from the Prime Minister. ⑷ The government's joint statement did not elaborate on the specific reasons for the order, nor did it mention the scope of assets involved.

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