KAMCO Announces Public Leasing and Sale of 101 State-Owned Properties

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 23rd that it will lease and sell a total of 101 state-owned real estate properties through Onbid over three days from the 26th to the 28th.

KAMCO selects highly utilizable state-owned real estate and conducts leasing and sales weekly through Onbid.

State-owned real estate has the advantage of ownership by the government, so there are no complicated rights issues such as mortgages or leases, making it reliable to use.

In particular, this public auction includes 68 new items such as farmland and apartment complexes, as well as 33 items priced lower than the initial lease or sale price.

Before participating in the bidding, it is recommended to check the current status such as the type and location of the real estate in advance, and to consider detailed usage conditions including any restrictions on the property.

Detailed announcements and bidding information can be found on the Onbid website or the Smart Onbid application (app).