General Members
Name of Institution
Korea Asset Management Corporation (KAMCO)Country
Republic of Korea (KOR)Institution at a Glance:
Korea Asset Management Corporation (KAMCO) is a quasi-governmental organization founded in 1962 and has grown strong as an exclusive public asset management corporation in Korea. 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,” providing a safety net for the national economy through comprehensive support for households, businesses, and the public sector, working at the forefront of recovery efforts during crises such as the Asian Financial Crisis and the Global Financial Crisis.
Since its foundation as the major institution that managed distressed debt in 1962, KAMCO has become the leading platform managing national properties in all aspects. Based on expertise gained as a public asset management agency, KAMCO has developed its ability to overcome crises, gained a strong insight into the future, and is now ready to lead the global economy with far-sighted policy plans.
KAMCO's Role & Major Functions
- Purchase and resolve financial institutions' NPLs
- Support corporates through capital injection and operational assistance including programs such as sale and leaseback and fund investment to help revitalize businesses
- 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
Shareholders
Korean Government (87.59%), Export-Import Bank of Korea (7.44%), 15 Financial Institutions (2.63%), Korea Development Bank (2.34%)
Accomplishments
Member Since: 2013
Key Officer
Nam Ju Kwon, Chairman and CEO
Contact Us
Korea Asset Management Corporation (KAMCO)
Address: 43F, Busan International Finance Center, 40 MunhyeonGeumyung-ro, Nam-gu, Busan, Republic of Korea
Web site: https://www.kamco.or.kr/eng/main.do