Korean government has tried to improve business rationalization and transparency of government-invested institutions through various legal tools and systems and it has made some progress. However, it still remains a social problem that government-invested institutions are yet inefficient compare to private companies of the same kinds. Therefore, this research inspects the profitability and financial soundness based on financial data focusing on government-invested institutions in order to examine whether government’s efforts actually obtain the results, improved management. The accomplishments of thirteen government-invested institutions are analyzed with actual results in latest six years and profitability index and financial soundness index based on the actual results excluding evaluation of publicity.

As the results, profitability has not been increased as institutions have not made great profits despite of sharp growth in their properties and sales. Financial soundness index is the only factor which has been improved by tightening debt management after financial crisis. Due to improved financial soundness, the government’s risks of contingent liability caused by default on an obligation have been declined. In conclusion, the government is needed do more aggressive and practical management in order to make government-invested institutions more competitive.