Arab Today, arab today public entities not to take responsibility for losses from debtreduction efforts
Last Updated : GMT 15:56:52
Arab Today, arab today
Arab Today, arab today

Public entities not to take responsibility for losses from debt-reduction efforts

Arab Today, arab today

Arab Today, arab today Public entities not to take responsibility for losses from debt-reduction efforts

Seoul - Yonhap

Public organizations and their heads will not be held responsible for inevitable financial losses or labor strifes resulting from efforts to reform and solve debt problems, the government said Tuesday. In guidelines sent to public entities that were ordered to reduce their debts, the Ministry of Strategy and Finance said the government will exempt them from the responsibility for losses incurred in the process of selling assets to ease their debts.

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