Under the ‘National Property Act,’ properties obtained by the nation through the laws, public rights, budget or donations are considered the national property, and all other properties, which do not belong to local government or private citizens, should also be considered as national property.

The national property includes immovable properties, such as land and natural resources; movable properties, such as machines and equipment, transportation equipment, securities such as stocks and shares and bonds owned by the nation, other rights include surface rights, easement, pawning rights, mortgage, mineral rights, fishery rights, patent rights, copyright, trademark rights and others.

In order to manage the huge number of national properties, the National Property Administration started an overhaul of all national lands using the method of registration, checking and surveying such as to survey and register undeveloped national land, clear up company owned lands during the Japanese occupation period, to manage the estate without heir and impounded objects, to salvage the buried and sunken national properties, to retrieve hidden properties, and set up property register, to lease non-profit immovable properties, to deal with the illegal occupation of national properties, to appropriate or consign for management of the non-public national lands, to sale or to grant the national property, and to set up land surface right for national non-public land.

In recent years, through computerization, the National Property Administration has improved the management of the national property, and the establishment of the ‘National Assets Operation and Management Committee’ also facilitated its operation function.