S Korea-public property S. Korea seeks active use of state-owned properties to help spur economy SEOUL, Aug. 14 (Yonhap) -- South Korea will seek ways to make better use of state-owned properties to help revitalize the economy and spur regional development, the finance ministry said Monday. The country has about 1,300 trillion won (US$977.23 billion) in national assets, up from about 1,000 trillion won in 2016, according to the Ministry of Economy and Finance. "The government had long focused on maintaining and managing state-own properties, which led to a failure in meeting public demand and expectations regarding their usage," Finance Minister Choo Kyung-ho said during a meeting of a committee on public assets.
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