KAMCO Announces Public Lease of 116 State-Owned Properties... 62 New Items

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 25th that it will lease a total of 116 state-owned real estate properties through Onbid over two days from the 27th 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, meaning there are no complicated rights issues such as mortgages or leases, allowing for reliable use.

In particular, this public bidding includes 62 new items such as farmland and apartment complexes, as well as 54 items priced lower than the initial lease price.

Before participating in the bidding, it is advisable 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).