KAMCO Leads Green Mobility Promotion Using State-Owned Assets

[Asia Economy Reporter Eunju Lee] On October 26, Korea Asset Management Corporation (KAMCO) signed a 'Business Agreement for the Expansion of Eco-friendly Electric Vehicle Charging Infrastructure' with Daeyoung Chaebi Co., Ltd. (CEO Min-kyo Jung) at the 47th-floor conference room of the Busan International Finance Center (BIFC) headquarters.

This agreement was established to respond to the government's policies of expanding 'Green Mobility' and achieving 'Carbon Neutrality.' Through this agreement, KAMCO will identify state-owned general properties suitable for installing electric vehicle charging facilities, and the private company Daeyoung Chaebi Co., Ltd. will take full responsibility for administrative tasks such as installing, managing, and operating the chargers after signing a lease contract with KAMCO.

The project to install electric vehicle charging facilities utilizing state-owned properties is the first case where a public institution like KAMCO collaborates with a private company. The two organizations plan to conduct a pilot project this year by installing charging facilities at two state-owned general properties located in Yangyang-gun, Gangwon Province, and Jeongeup-si, Jeollabuk-do. Starting next year, they intend to expand the related projects nationwide by identifying the demand from local governments and installing customized charging stations specialized for each region.

Hong Young, Head of KAMCO's State Property Headquarters, stated, "This agreement is significant as it is the first case of collaboration between a public institution and a private company to explore the public use of state-owned properties," and added, "We will continue to support government policies through the active utilization of state-owned properties and strive to enhance the value of state-owned properties, which belong to the people."

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