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About KAMCO
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