KAMCO Sells 1 Million Pyeong of Pro-Japanese Collaborators' Land to Support Families of Patriotic Martyrs and Independence Activists

Sale scale is 3,153,000m² of pro-Japanese property
Sales proceeds to support and stabilize the lives of independence activists' families

Trial scene of pro-Japanese collaborators arrested by the Anti-Communist Special Committee

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 8th that it will promote the sale of pro-Japanese confiscated properties managed on behalf of the Ministry of Patriots and Veterans Affairs. The properties in question were confiscated by the state under the "Special Act on the State Confiscation of Property of Pro-Japanese Anti-National Acts," enacted and enforced in 2005.

The scale amounts to 3,153,000m² (approximately 953,782 pyeong) of pro-Japanese confiscated properties entrusted to KAMCO. Out of a total of 6,327,000m², properties restricted from sale such as urban planning facilities or cultural heritage preservation areas were excluded. Among these, properties with high utilization value were selected considering location conditions and development potential.

The lands targeted for sale are mostly located in the Seoul metropolitan area including Seoul and Gyeonggi Province, and Chungcheong Province, with 78 and 40 parcels respectively. A significant number of these lands can be used as farmland such as rice paddies and fields.

The proceeds from the sales will be fully allocated to the "Fund for the Honoring and Welfare of Independence Patriots and Patriots’ Families," which supports the welfare and livelihood stability of the families of independence activists. As of the end of last year, 548 parcels of pro-Japanese confiscated properties were sold, contributing 60.6 billion KRW to the fund.

Jang Sung-soo, head of KAMCO’s Seoul Eastern Regional Headquarters, emphasized, “We will continue to identify and sell pro-Japanese confiscated properties with high utilization value to contribute to the livelihood stability of independence patriots and their families.”

The properties available for sale can be checked on the Ministry of Patriots and Veterans Affairs website. Prospective buyers should verify the current status, including the form and location of the real estate and detailed usage restrictions, in advance, and then submit purchase inquiries to the Ministry of Patriots and Veterans Affairs or KAMCO representatives.

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