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History

 

2019

- October 31, 2019

Promulgated the revised KAMCO Act (Enforcement : Nov. 26, 2019)

2018

- April 12, 2018

Opened the Corporate Structure Innovation Support Center

2015

- March 31, 2015

Liquidation of the Corporate Restructuring Fund

2014

- December 1, 2014

Relocated its headquarter to Busan

2013

- June 19, 2013

Unified national property management system

2013

- May 27, 2013

Launched the International Public AMC Forum(IPAF)

2013

- March 29, 2013

Launched the National Happiness Fund

2009

- May 13, 2009

KAMCO Act amended to allow for the creation of a Corporate Restructuring Fund within KAMCO

2008

- September 2, 2008

Launched Credit Recovery Fund

2007

- December 31, 2007

1st overseas NPL investment (China Orient AMC)

2007

- April 3, 2007

Held ‘International Forum on Non-Performing Asset Fund’

2006

- June 1, 2006

Proclaimed its new business vision

2005

- December 8, 2005

Co-hosted international conference ’Road to Prosperity and Cooperation: Financial Hub in Northeast Asia’

2005

- July 29, 2005

National Assembly amended the law authorizing KAMCO to invest in overseas non-performing assets(NPLs)

2004

- May 20, 2004

Badbank Harmony Ltd. launched

2004

- June 6, 2004

OnCredit website opened to support the recovery of defaulted personal loans

2002

- October 2, 2002

OnBid online asset marketplace opened

2002

- April 3, 2002

Proxy agreement concluded with NTS (National Tax Service) to promote sale of confiscated tax delinquent properties

2001

- March 20, 2001

Korea Real Estate Trust spun off; Kookmin Asset Investment Trust established

2000

- November 9, 2000

1st Asia-Pacific NPL Forum held

2000

- September 22, 2000

New York office opened

1999

- December 31, 1999

Official Korean Name changed and "Badbank" function expanded

1999

- April 30, 1999

With passage of the revised KAMCO Act, KAMCO was authorized to function as Badbank

1997

- November 24, 1997

KAMCO was reorganized as a specialized resolution agency and NPL Fund established

1997

- August 22, 1997

"Law on Establishment of an Institution Exclusively Developed to the Efficient Resolution of non-performing loans (NPLs) of Financial Institutions and Distressed Companies" was enacted

1996

- June 15, 1996

Commenced management and disposition services for state-owned miscellaneous properties

1991

- May 15, 1991

Established a subsidiary, Korea Real Estate Trust, Inc.

1984

- February 1, 1984

Commenced services related to the public sales of confiscated properties

1982

- April 6, 1982

Commenced services related to the liquidation of the government-invested corporations

1966

- August 3, 1966

The scope of business was expanded to service of overdue loan collection on behalf of other primary financial institutions

1962

- April 6, 1962

Korea Asset Management Corporation was established based on Article 53, paragraph 3 of the Korea Development Bank (KDB) Act