OnBid
≈ 2 min read
Names in other languages
No names in other languages are held for this entry yet.
Article bodies are English and are not machine-translated. A name in another language is not a translation of the article.
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. As of the end of 2006 some 5,000 public sector institutions and 333,000 private sector individuals and organizations had already become OnBid members.
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. As of the end of 2006 some 5,000 public sector institutions and 333,000 private sector individuals and organizations had already become OnBid members.
Antecedents
As of 2003 OnBid was being used as a place where information could be stored and gleaned as regards the property owned by the then 234 provincial and government organizations as well as the Korea Land Corporation, for purposes of auctioning and leasing it.
Text derived from https://en.wikipedia.org/w/index.php?oldid=1026389758 under CC BY-SA 4.0; modifications have been made.