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Restructuring of public institutions gains momentum to curb soaring national debt
State-run enterprises and other public institutions may undergo sweeping restructuring, including possible mergers and shutdowns, as the government seeks to rein in mounting debt, experts said Monday. They said the national debt-to-GDP ratio is projected to climb sharply during President Lee Jae Myung’s term, from 49.1 percent in 2025 to 58 percent by 2029. [...]