Published : Sept. 2, 2016 - 17:41
The government plans to reduce the debt ratio of public corporations to around 150 percent by 2020 as part of efforts to improve the balance sheets of state-funded agencies. Under a long-term financial management plan, 39 public firms, including the Korea Gas Corp., are required to maintain their debt-to-total asset ratio at an average 151 percent from the current 194 percent in the coming five years, according to the Finance Ministry.