Major public institutions will quickly execute 37.6 trillion won in the first half of this year. This amounts to 57% of the annual investment plan of 66 trillion won. The execution scale for the first half is at the highest level in history. As uncertainty in the global economy increases and the pace of export growth is expected to slow, the aim is to focus all efforts on economic recovery.

The Ministry of Strategy and Finance held a meeting on investment execution for public institutions on the 3rd, discussing the investment execution plans of 26 major public institutions. An Sang-yeol, the Financial Management Officer, noted that "public institutions should play a proactive role to support the stability of people's lives and the recovery of the economy," urging intensive investment execution.

This year's investment target of 66 trillion won for public institutions has increased by 2.5 trillion won compared to last year's target amount of 63.5 trillion won. The first half investment target of 37.6 trillion won is 2.7 trillion won more than last year's first half target of 34.9 trillion won. A Ministry of Strategy and Finance official said, "The execution scale for the first half is at the highest level in history."

Major public institutions plan to concentrate their investments on ensuring household stability, as well as building energy and transportation and logistics infrastructure. Korea Land and Housing Corporation (LH) will invest 21.6 trillion won in the housing supply project, while Korea Electric Power Corporation will invest 11.9 trillion won in power distribution projects. The Korea National Railway Authority will inject 6.2 trillion won into railway construction and facility improvements, and Korea Asset Management Corporation (KAMCO) plans to invest 2.3 trillion won in supporting household recovery and corporations normalization.

The Ministry of Strategy and Finance will review public institutions' investment execution results weekly and hold inspection meetings at least once a month.