Gyeonggi-do to Disclose Status of Unused Public Assets to Residents

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will disclose the status of unused public assets to its residents. It also plans to enable anyone to easily reserve and use shared facilities such as meeting rooms and sports facilities through a shared service platform.

On the 7th, Gyeonggi Province announced that it has prepared the "2022 Public Asset Management and Operation Plan," which includes these measures for fair and efficient management of public assets.

First, to increase residents' accessibility to public assets, the province will disclose unused general assets that have not been leased on the Gyeonggi Shared Service system. For shared facilities already open, it plans to allow users to check the site without visiting in person through virtual reality (VR).

Additionally, various shared services will be provided, including sports facilities available for daily use, meeting facilities offered by the province, public institutions, and city/counties, as well as community gardens and event spaces.

Along with this, to support users and lessees of public assets suffering from COVID-19, the temporarily reduced rental rate (1% per year) applied since February 1, 2020, will be extended until the end of this year.

Sanctions against illegal activities such as unauthorized occupation will also be strengthened.

The province will conduct thorough surveys and implement strong administrative procedures to resolve unauthorized occupation, including imposing and collecting compensation fees for unauthorized occupation, publicizing to residents to raise awareness about illegal use of provincial land, and enforcing administrative execution against illegal acts.

Furthermore, reflecting amendments to the Public Asset and Goods Management Act and its enforcement decree, the "Gyeonggi Province Public Asset Management Ordinance" will be revised, and from this year, a systematic management of public assets will be carried out through the establishment of a mid-term public asset management plan every five years.

In addition, an advisory committee will be newly established to derive utilization plans for idle general assets through expert consultation, and prior verification will be conducted to ensure transparency in the sale of small-scale assets that do not undergo deliberation.

Other initiatives include ▲ enhancing fairness in the use of provincial assets by applying the general bidding winning rate (117%) during private sales ▲ temporary rent reductions for public assets leased due to COVID-19 ▲ increasing the value of public assets through the realization of individual official land prices, land category changes, and land consolidation.