KAMCO Announces Public Leasing and Sale of 134 State-Owned Properties

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 9th that it will lease and sell a total of 134 state-owned real estate properties through Onbid over three days from the 11th to the 13th.

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 81 new items such as farmland and residential buildings, as well as 56 items priced lower than the initial lease/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).