KAMCO, 129 Cases of National Property Leasing and Sales

Major state-owned properties scheduled for loan and sale by Korea Asset Management Corporation. Photo by Korea Asset Management Corporation

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 14th that it will lease and sell 129 cases of state-owned real estate.

KAMCO selects highly utilizable state-owned real estate and leases or sells them weekly. Since the ownership of state-owned real estate belongs to the government, the rights such as mortgages and leases are not complicated.

This public bidding includes 88 new properties, including farmland and apartment complexes. Among them, 41 properties are priced lower than the initial lease or sale price.

However, it is advisable to check the status such as the form and location of the real estate before bidding. Detailed usage conditions, such as activity restrictions for each property, should also be considered. The bidding period is from the 17th to the 20th.