RoK corporation shares ways to operate online auction system with HCMC

The Korea Asset Management Corporation (KAMCO) announced on November 16 that it has transferred the operation technology of its OnBid – an online auction system – to Ho Chi Minh City.
RoK corporation shares ways to operate online auction system with HCMC ảnh 1 OnBid training workshop for Ho Chi Minh City (Photo: vietnam.ajunews.com)

Onbid is the first online public auction platform in the Republic of Korea developed by KAMCO in 2002 to handle public property efficiently. KAMCO also discussed measures to install and operate the system in HCMC.

KAMCO CEO Kwon Nam-joo said the company has recently organized an OnBid training workshop for HCMC’s officials at the headquarters of the Busan International Financial Centre to promote the establishment and operation of the online auction system in the Vietnamese city.

In this training course, KAMCO shared experience in the operation of the system as well as specific cases such as the settlement process and online auction institution, and the structure, main tasks and business models of the system.