[2025-12-16]Mandatory Pre-Report to National Assembly for Government Asset Sales
Future sales of government assets exceeding 30 billion won must be pre-reported to the relevant National Assembly committee.
Sales of shares in public institutions held by the government or public agencies require prior consent from the National Assembly, and discounted sales below appraisal value are generally prohibited.
The Ministry of Economy and Finance has prepared measures to prevent indiscriminate privatization of government assets and to address issues of undervalued sales and lack of transparency in the sales process.