Seoul: In a surprise move that has sent ripples through financial and political circles, South Korean President Lee Jae-Myung issued an emergency directive on Monday ordering all government agencies to immediately suspend ongoing and planned asset sales. The unprecedented order demands that no public assets be sold unless the transaction is deemed “essential” and receives explicit approval from the Prime Minister’s Office.

A Sudden Halt in Policy

The presidential order, released through the Cabinet Secretariat, mandates every ministry and public institution to freeze any privatization, real estate sale, or transfer of government property until further notice. Officials have been instructed to compile a detailed report of all current and pending asset sales, along with justifications fo

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