[2020 National Settlement] For 10 Years, Gyeongbu Expressway Tops State-Owned Property Value... Highest Building Price is Sejong Government Complex

'2020 Fiscal Year National Settlement Report'
Revaluation of State-Owned Land Prices... Land Value Increased by 34.9 Trillion Won

On the 10th, one day before the nation's biggest holiday, the Lunar New Year holiday, vehicles are lined up moving on both directions of the Gyeongbu Expressway near Jamwon IC in Seocho-gu, Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Jang Sehee] The Gyeongbu Expressway, valued at over 12 trillion won among state-owned assets, was found to be the most expensive. Since the introduction of the Digital Budget Accounting System (D-Brain) in 2011, the Gyeongbu Expressway has consistently ranked first. Among state-owned buildings, the Government Sejong Complex (Phase 1) had the highest book value, while among goods, the Ministry of the Interior and Safety's wireless relay equipment had the highest asset value.

According to the '2020 Fiscal Year National Settlement Report,' deliberated and approved at the Cabinet meeting held by the government on the 6th, state-owned assets increased by 31.3 trillion won (2.8%) from the previous year to 1,156.3 trillion won last year. The value of state-owned land and buildings increased by 34.9 trillion won and 1.6 trillion won respectively through continuous expansion of social overhead capital (SOC) facilities such as road and river maintenance and revaluation of state-owned land prices.

Specifically, the order is land (519.8 trillion won), structures (285.6 trillion won), marketable securities (263.9 trillion won), and buildings (74.3 trillion won).

The most valuable state-owned asset overall was the Gyeongbu Expressway (Seoul to Busan), valued at 12.3123 trillion won. This was followed by the Seohaean Expressway (6.8911 trillion won, Seoul to Mokpo), Namhae Expressway (6.334 trillion won, Busan to Suncheon), Dangjin-Yeongdeok Expressway (5.6566 trillion won), and the Jungbu Expressway connecting Tongyeong and Daejeon (5.5751 trillion won, Hanam to Tongyeong).

Among state-owned buildings, the Government Sejong Complex Phase 1 had the highest book value at 429.7 billion won.

Next were Government Sejong Complex Phase 2 (391.4 billion won), National Asia Culture Center (296.2 billion won), Government Daejeon Complex (197.2 billion won), and the National Assembly Members' Office Building (188.2 billion won).

Among state-owned intangible assets, the highest acquisition cost was for the Ministry of the Interior and Safety's wireless relay disaster safety communication network (16.1 billion won). This was followed by the Ministry of the Interior and Safety's repeaters (14.8 billion won), the Ministry of the Interior and Safety's wireless relay equipment (11.4 billion won), the Korea Customs Service's computer servers (IBM, 10.1 billion won), and the Korea Customs Service's software (9.2 billion won).

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