President Park Geun-hye again called for reforms at public companies and sent a strong warning to anyone who tries to sabotage the reforms.
During a meeting of the president's senior secretaries this Monday morning, President Park criticized state-owned companies for their lax management and called for reform.
She pointed out that a number of public enterprises that are deeply in debt have still offered their employees excessive benefits, even covering the tuition at foreign universities for some of their employees' children.
She pledged to hold responsible anyone who tries to sabotage the reforms and said she is particularly concerned about a recent move by unionists at some of the firms to oppose them.
She said the public companies need to regain the public trust by being proactive with their reform plans.