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About KAMCO
Overview
Korea Asset Management Corporation
Korea Asset Management Corporation (KAMCO) is a quasi-governmental organization established under the “Act on the Establishment of the Korea Asset Management Corporation and Others” that acquires and resolves financial institutions’ non-performing loans, restructures businesses, provides support for the credit recovery of the financially stricken, manages state-owned properties, and settles overdue taxes. As a permanent restructuring organization, KAMCO contributes to the development of the national economy and the financial industry and maximizes government revenue by efficiently implementing government-commissioned work including state-owned property management. Furthermore, KAMCO plays the role of a “public asset management institution,” serving as a safety net for the national economy that provides comprehensive support for households, businesses, and the public sector at the forefront of overcoming crises, such as the Asian Financial Crisis and the Global Financial Crisis.
KAMCO’s Role & Major Functions
- Purchase and resolve financial institutions' NPLs and conduct corporate restructuring
- National Happiness Fund management and credit recovery support
- Management and development of state-owned properties
- Collection of overdue taxes
- Management of On-Bid, the On-line Public Property Disposal System
KAMCO's Ownership
- Legal capital : KRW 7 trillion
- Paid-in capital : KRW 3.3 trillion
Organization
- 5 Groups, 33 Divisions, 12 Regional Offices
- Total number of Employees: 1,823(as of Jan. 2023)
* Excluding the management team (8 executives and 8 non-executives)