SEOUL, Jul. 4 (Korea Bizwire) –– The South Korean government said Wednesday that it has filed a fresh lawsuit against an earlier international ruling that ordered the country to pay tens of million dollars to an Iranian firm over a failed takeover deal. In 2010, South Korea’s state-run Korea Asset Management Corp. (KAMCO) picked Entekhab [...]
SEOUL, March 20 (Korea Bizwire) – A public online auction system called “Onbid” is seeing a growing number of users, according to the organization behind the website, the Korea Asset Management Corporation (KAMCO). Onbid, an auction service which began in 2002, was introduced to make it easy for both buyers and sellers to bid and [...]
SEOUL, Sept. 2 (Korea Bizwire) – The South Korean government will deploy drones to investigate national properties scattered at 5.4 million locations nationwide. The Ministry of Strategy and Finance announced plans on September 1 to properly manage the country’s national properties. By deploying drones and leveraging spatial geographic information, which is more accurate and advanced than aerial [...]
SEJONG, Dec 30 (Korea Bizwire) – Development of South Korean public land is likely to gain traction next year as the government aims to generate more revenue and improve public interest, finance minister Choi Kyung-hwan stated today. Choi announced his plan at an event to celebrate the opening of the Sejong National Research Complex, comprising [...]