by Jeong Ilwoong
Published 27 Apr.2020 08:17(KST)
[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will secure the necessary funds to support victims of the novel coronavirus infection (COVID-19) by disposing of public assets such as land unsuitable for preservation.
The city announced on the 27th that over the next five years, it will abolish the use of public assets unsuitable for preservation and unused administrative properties, selling more than 30 billion won worth of public assets to secure independent funds through the enactment of a special account operation ordinance.
The budget raised from the sale of public assets will be allocated by establishing the "Ordinance on the Establishment and Operation of Special Accounts for Public Assets," with more than 5 billion won this year dedicated to COVID-19 damage support, and from next year, over 25 billion won will be incorporated and operated in the special account based on the principle of independent accounting.
The city's core intention is to shift the paradigm of public assets from "preservation and management" to "sale and utilization," thereby enhancing the efficiency and value of land assets.
Additionally, through this, the strategy is to revitalize regions stagnated by COVID-19 and resolve difficulties in securing sites when promoting major national government-funded projects.
To secure independent funds through the sale of public assets, the city plans to prioritize abolishing the use of lands subject to complaints (suitable for private contracts), lands unsuitable for preservation, and administrative properties that have lost their function, and then sell them.
The city also plans to prepare reserve land by managing and operating the proceeds from sales through special accounts funded by independent resources, and promptly provide sites to various national government-supported project departments facing difficulties due to lack of land.
Heo Tae-jeong, Mayor of Daejeon, said, "We aim to secure independent funds to reduce the burden on businesses and citizens struggling due to disasters such as the COVID-19 crisis," adding, "The city will respond swiftly to realize a sharing economy based on sharing and cooperation."