Gyeonggi-do Wins Top Prize in Ministry of the Interior and Safety's 'Best Practices in Public Property Management and Utilization'

Online Public Property Leasing System of Gyeonggi-do Photo by Gyeonggi Provincial Government

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province has been recognized for its achievements in strengthening public utilization and increasing the value of shared property through improved management methods, and was selected as the best local government in the Ministry of the Interior and Safety's '2022 Shared Property Management and Utilization Best Practices' evaluation, receiving a special grant of 150 million KRW.

To enhance the public purpose utilization of shared property, Gyeonggi Province promoted various projects including ▲ the establishment of an 'Online Shared Property Lease System' using the existing Gyeonggi Sharing Service platform to activate non-face-to-face contracts ▲ the discovery of usable provincial land worth approximately 26 billion KRW and connecting it to relevant provincial departments to reduce land acquisition costs ▲ the formation of a 'Shared Property Advisory Committee' to secure an objective perspective.

Additionally, by merging shared properties such as cluster zones and small adjacent parcels, the property value increased by 1.7 billion KRW, and through objections to compensation claims for provincial land incorporated into public projects, they secured 710 million KRW more than the initial compensation amount, efforts that were also recognized for enhancing the value of shared property.

Ki Do, Director of the Provincial Asset Management Division, stated, "Since shared property has abundant utilization value and potential, we will continue to systematically manage it to steadily increase its value."

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