Parliamentary approval required for assets over 30 billion won, discounted sales barred
South Korea is tightening oversight of national property disposals, requiring parliamentary approval for sales valued above 30 billion won ($20.3 million) and effectively banning discounted transactions.
The Finance Ministry said Monday the measures will be introduced through revisions to national property disposal regulations, following November orders from President Lee Jae Myung to halt all ongoing sales amid criticism that state assets had been sold at steep d
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