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A government-led probe into business management and supervision conditions at 30 public institutions
will be launched later on this Monday. Officials say the Board of Audit and Inspection
will inspect four public agencies such as the Korea Land and Housing Corproration and
the state-run rail operator KORAIL, while auditing two public financial corporations,
the Korea Deposit Insurance Corporation and Korea Asset Management,
through the end of March. Twenty other public companies and institutions
will be audited from April to June. The Board of Audit and Inspection says it
a 2-hundred member team will be tasked with running the audits and giving advice on how
to improve structural and managerial issues within the institutions.