Veterans Affairs Office Prioritizes Sale of 148 Pro-Japanese Affiliated Properties

[Asia Economy Reporter Baek Kyunghwan] The Ministry of Patriots and Veterans Affairs is set to sell 148 parcels of land among pro-Japanese attributed properties.

On the 28th, the Ministry announced that to commemorate the 102nd anniversary of the March 1st Movement, it will sell pro-Japanese properties attributed to the state and use the proceeds to honor the merits of independence activists and their descendants and to support their livelihood stability.

The Ministry selected 148 parcels of land with relatively high utilization from among 855 pro-Japanese attributed properties (6,337㎡, publicly announced value of 42.1 billion KRW) under its management. The list of land for sale will be published as advertisements in media outlets so that prospective buyers can verify them, and promotional videos introducing the land using drones will be produced and promoted through various media channels.

According to the Ministry, since the enactment of the Special Act on the Attribution of Property of Pro-Japanese Anti-National Acts in 2005, pro-Japanese properties attributed to the state through the activities of the Property Attribution Committee for Pro-Japanese Anti-National Acts and state lawsuits amount to 1,297 parcels (8,679,581㎡, publicly announced value of 85.3 billion KRW).

Among these, 705 parcels were sold from 2008 to 2020, with the proceeds used for the fund supporting patriotic martyrs and independence activists, and currently, 855 parcels are under management. However, the Ministry explains that most of these are forest land, urban planning facilities, or cultural heritage preservation areas, making sales difficult.

This content was produced with the assistance of AI translation services.