KAMCO Hosts National Idea Contest for Public Promotional Video on State-Owned Assets
[Asia Economy Reporter Kwon Haeyoung] Korea Asset Management Corporation (KAMCO) announced on the 25th that it will hold the "National Public Idea Contest for State-Owned Property Promotional Videos" for six weeks until July 3.
Through this contest, KAMCO plans to seek promotional strategies for the proper use and active utilization of state-owned property together with the public, and reflect these in the production of promotional videos to enhance public awareness of state-owned property.
The themes are ▲ boosting national economic vitality ▲ improving the quality of life for citizens ▲ increasing the value of state-owned property through the utilization of state-owned assets. Anyone with ideas to promote the use of state-owned property in line with government policy directions can participate (individuals or teams of up to three members).
Those wishing to participate must submit a promotional video storyboard using a separate form on the contest website by 6 p.m. on July 3. Detailed information can be found in the announcements section of the contest website.
KAMCO will select seven excellent ideas through an external expert review and award a total prize of 7 million KRW along with certificates: ▲ Grand Prize for 1 person (3 million KRW) ▲ Excellence Award for 2 persons (1 million KRW each) ▲ Encouragement Award for 4 persons (500,000 KRW each). The results will be announced in August on the KAMCO and contest websites.
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Meanwhile, since 1997, KAMCO has been entrusted by the Ministry of Strategy and Finance, the general agency for state-owned property, with the management and disposal of general state-owned assets, currently managing about 680,000 parcels. Efforts to utilize state-owned property, such as activating lease contracts for unauthorized occupation and idle properties, have contributed to increasing annual national treasury revenue by more than 1 trillion KRW.
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