President Lee Jae Myung said speed will determine the success of South Korea’s public-institution reforms, urging ministries to develop bold incentives and move swiftly. At the 48th Cabinet meeting at Cheong Wa Dae on the 10th, he described public-sector innovation as a national and era-defining challenge amid major industrial restructuring and efforts to promote balanced national development. The government is reducing 109 public institutions, including plans to provisionally integrate five power-generation companies into Korea Power, separate Korea Land and Housing Corporation into development and housing-welfare functions, and consolidate four port authorities, Korea National Oil Corporation and Korea Gas Corporation. Lee said ministries and agencies must take responsibility for reforms under their oversight, while organizational interests should not obstruct changes intended to improve public services and people’s lives. He also called for prime-minister mediation when disputes between ministries and agencies threaten to slow coordination.