Lowering the threshold for youth and small business owners to use public property... Strengthening prevention of sale at low prices
⚡ Quick Summary
Limited competitive bidding will be introduced to expand opportunities for young people and small business owners to use local government public property.
Limited competitive bidding will be introduced to expand opportunities for young people and small business owners to use local government public property. Measures to prevent sale at low prices are also being promoted, such as strengthening the requirements for private sale of public property and mandating local council resolution. At the cabinet meeting held on the 14th, the Ministry of Public Administration and Security proposed an amendment to the ‘Enforcement Decree of the Public Property and Goods Management Act’ to expand opportunities for young people and small business owners to utilize public property and prevent the sale of public property at low prices.
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