Local Finance Association Launches "Public Property Status Survey Consulting" with 16 Local Governments

The Korea Local Finance Association (Chairman: Jung Sunyong, hereinafter referred to as the Association) has launched the "Public Property Status Survey Consulting Project" to promote efficient property management and fiscal soundness among local governments.

The Korea Fiscal Mutual Aid Association held the "Consulting Project Briefing on the Status Survey of Public Property" on the 15th. Provided by the Korea Fiscal Mutual Aid Association

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The Association announced on April 16 that it held a "Public Property Status Survey Consulting Project Briefing Session" on April 15, where it shared the detailed direction for the project with officials from 16 local governments that were ultimately selected through an open call.

This project was designed to reorganize the public property management systems of local governments and to establish a sustainable local fiscal foundation. Through this initiative, the Association will provide integrated support throughout the entire survey process for local governments and offer expert consulting at each stage, aiming to achieve tangible improvements in property management.

The project will run from April to December 2026, with a total budget of 800 million won. A notable feature is that the Association will cover the entire survey project cost and sign contracts directly with the survey agencies, thereby minimizing both the budgetary burden and the administrative procedures for local governments.

Consulting Content on the Actual Condition Survey of Common Resources. Provided by the Korea Local Finance Association

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Previously, from March 4 to March 20, an open call was held for local governments wishing to participate, which resulted in 50 applications, demonstrating strong interest. After a thorough selection process, a total of 16 local governments were chosen: five from the Seoul metropolitan area (Incheon Metropolitan City, Gwacheon City in Gyeonggi Province, Yeoncheon County in Gyeonggi Province, Gangneung City in Gangwon Province, and Hongcheon County in Gangwon Province); three from the central region (Chungcheongbuk-do Province, Cheongju City in Chungcheongbuk-do, and Chungju City in Chungcheongbuk-do); four from the Yeongnam region (Gyeongsangbuk-do Province, Yecheon County in Gyeongsangbuk-do, Goseong County in Gyeongsangnam-do, and Sancheong County in Gyeongsangnam-do); and four from the Honam region (Jeollanam-do Province, Seo-gu in Gwangju Metropolitan City, Jeongeup City in Jeollabuk-do, and Naju City in Jeollanam-do).

Chairman Jung Sunyong stated, "This project is an integrated consulting model that covers every stage from the survey to post-management," adding, "We expect it will significantly enhance local governments' public property management capabilities and contribute to fiscal soundness as well."

The Korea Fiscal Mutual Aid Association held a 'Consulting Project Briefing on Shared Property Status Survey' on the 15th. Provided by the Korea Fiscal Mutual Aid Association

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The Association plans to strengthen communication with participating local governments by appointing dedicated project managers for each region and to enhance project quality by operating a joint task force with the survey agencies.

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