Introduction of On-bid,

Online Asset Disposal System

2017. 5. Team Head International Business Team Sun-Joon Choe

Contents

I. Overview of the On-Bid

II. Analysis of On-Bid Features

III. Outcome of On-Bid operation

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1. Overview of the On-Bid

Payment/Security

•Shinhan, Hana, Woori Bank •Seoul Guarantee Insurance •Korea Information Certificate Authority Incorporation (KICA) •Soft Forum

Additional/Benefit Services

•Digital Brain, Nara Market Place •Internet registration •Automobile Insurance records check •Map Information Service

Connection with system

•Ministry of Education and Science Technology(MEST) •Defense Acquisition Program Administration •Korea Post •Public Procurement Service

Public Notice of Sales

Online Bidding

Online Contract

Consulting & Support

The general public

Government & Public Institutions

On-Bid System Overview

Properties to be disposed of

by user institutions

Assets owned by public institutions and local government agencies, etc.

- Increased fund for the state and local government agencies - Supporting the implementation

of government policies

- Increased tax revenue - Cost reduction and maximum returns

OnBid

Properties of public

institutions

Seized properties

State and public

properties

- Enhanced soundness of financial firms

Support for sale of NPL and entrusted properties

Properties seized due to tax defaults

Lease and sale of state and public properties

Real estate properties of institutions relocating to other regions, etc.

NPL· entrusted properties

Main Properties Sold via On-Bid

1. Overview of the On-Bid

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KAMCO(34%) Attached assets, t

state-owned assets,

entrusted Assets, etc.

Other Entity(66%) Assets owned by

government institutions, local government,

educational institutions, public institutions

Categorized by asset features

Real estate Sale

Real Estate Lease

Movable Assets (Commodity)

Movable Assets (Car, Machinery,

etc.)

Other Assets (Membership, Securities, etc.)

44%

17%

16%

22%

1%

(As of the number of successful bids in 2015)

1. Overview of the On-Bid

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2006

2004.10

2002.10

With full implementation of internet asset disposal system, the entire asset disposal process was integrated into the system

Designated and declared as the state-owned asset disposal system by the Finance Minister (Dec. 2002)

Enhanced function and reputation as a public asset disposal system covering both state-owned and public assets

2010~2011

Upgraded user-friendly menus and system stability Provided smart OnBid services adjusted to mobile environment

History

2013~2015 Reflect the state of the art IT trend

1. Overview of the On-Bid

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The existing method of public bidding needed to be improved due to massive increase in workload after the Asian Financial Crisis

The country has experienced rapid spread of internet network, and public’s the demands for transparency in public sector was high

Establishing an Online Asset Disposal

System Need of

improving system and information

Establishment

in advance, expand business

area

Limits of Public Sales on the Spot

Internal and External Circumstances & Needs

Need for Innovative Operational Model

1. Overview of the On-Bid

Decentralized disposal decision

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Bidding anytime anywhere regardless of time and place

One-stop service from public notice, bidding, contract to registration

Operating customer center, digital center remote control support, and regular training sessions

No bidding participation fees and offer cost savings with internet registration, etc.

Before

After OnBid

2.Analysis of On-Bid Features

Bidding Anytime and Anywhere

One-Stop Service

Various Customer Services

Guide to Saving Cost

Onbid Feature & Services

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3. Outcome of On-Bid Operation

Results of OnBid Operation (as of the end of June 2015)

KAMCO USER Total

KAMCO USER Total

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The End

Thank you