This analyzes causes of spare money in public enterprises and government’s management on it focusing on Korea Housing Guarantee, Korea Racing Authority, and Korea Airports Corporation. As a result, it is found that a part of current term net profits is returned to the administration as forms of dividend or an extra reserve. Moreover, most of the spare money is even poorly or inefficiently managed as it is deposited as remained financial assets of the enterprises or used for improving employees’ welfare.

Considering the results, the administration should mange public enterprises’ spare money more strictly. For example, part of spare money should be returned to the National Treasury and while the highest limit of profit reserved fund should be lowered. In addition, capital transference of reserved fund is also needed to be rigidly disciplined.