OnBid, an on line Korean language based South Korean facility, is "the required venue for public notifications regarding the management or disposition of national/public assets or properties" in that country. But chiefly, in conjunction with this, it was designed to facilitate the online trading of property owned by public-sector entities in South Korea. It went into operation in October [2002] and is managed by the Korean Asset Management Company (KAMCO), itself a government run company in South Korea.
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