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Article: S. KOREA'S STATE-RUN FIRMS RECEIVE LOW POINTS ON MANAGEMENT.
- Article from:
- AsiaPulse News
- Article date:
- June 23, 2008
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SEOUL, June 23 Asia Pulse - South Korea's state-run enterprises received low points for management in 2007 due mainly to inefficiency and increased expenses, a government report showed Friday.
According to the report by the Ministry of Strategy and Finance, the nation's public sector received an average of 73.2 points on overall performance last year, down 2.5 points compared with a year earlier.
The report is based on data provided by 24 state-run enterprises on management, business strategy, earnings, expenses and other budget figures, the ministry said. It didn't announce scores on individual companies, but only categorized them into four groups in ...