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government has demanded that unnecessary assets be sold, saying that it would reform public institutions.

As a result, public institutions have already started selling 100 real estates, but there are concerns that they may be sold at a bargain price if they are rushed to dispose of them in a real estate slump like these days.



Reporter Jo Ki-ho covered the story.



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is the Korean Red Cross training center located in a good place by the neck of the Namhan River.



The estimated value of the land, including the building, is about 4.1 billion won.



For management efficiency, the Red Cross needs to sell the training center within this year, but it is questionable whether it will be able to get the price.



[A real estate company official participating in the bidding: The economy is not good these days.

The possibility of selling it seems a bit difficult unless the price goes down.]



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The same goes for the site in the Yongsan station area owned by Korail.



It is decided to start selling the land with an estimated amount of 6.3 trillion won next year and complete the sale within four years.



According to the documents obtained by SBS containing the sale assets and sale timing of all public institutions, 100 real estate plans to be sold from this year and 120 from next year are scheduled.



Public institutions are rushing to dispose of assets because asset sales are reflected in institutional management evaluations.



However, the current real estate downturn is not reflected in management evaluation standards or items.



[Lee Sang-min/Senior Research Fellow, Nara Salim Research Institute: If you decide exactly whether to sell or not and when to sell, the negotiations will be extremely unfavorable, and then there will be concerns about selling at a bargain price.]



From 2007 to 2018, 97% were made through private contracts rather than competitive bidding, and were traded at prices 18% lower than private deals.



In response, the Ministry of Strategy and Finance said that it is true that it did not reflect the real estate market situation, and that it would adjust the evaluation items so that there would be no controversy over selling at a bargain price.



(Video editing: Wonhee Won, CG: Cheonwoong Park, VJ: Hyunwoo Park)