The purpose of this case study is to introduce how KAMCO(Korea Asset Management Corporation) has enhanced the social and economic value of households, corporations, and public assets, and to summarize the management challenges faced by the Corporation. KAMCO has expanded its business domain with the focus on non-performing loans(NPLs) and real estates used as collateral for the loans. KAMCO has supported the economic recovery of households through debt adjustments for personal credit in the 1997 Asian financial crisis period, in the credit card crisis, and again in the global financial crisis in 2008. For corporations, KAMCO has arranged diverse mechanisms for resolving NPLs and corporate restructuring, and accumulated expertise on how to assess the probabilities of recovery and support firms in financial trouble. Further, the Corporation is helping SMEs and shipping companies through sales and leaseback programs and purchases of ships. In the public sector, KAMCO has managed and developed national and public properties utilizing expertise in the real estate sector. It is noteworthy that KAMCO aims to adopt a market-friendly approach taking into account economic incentives while it works as a public asset management specialist in an area where the private market may fail. This study helps the integrated learning of business practices in action through the growth process and diverse programs of KAMCO. From the viewpoint of management strategy, KAMCO is moving toward a CSV-conscious organization by gradually discovering and pioneering new business areas based on the capabilities that it has acquired. The various tools adopted by KAMCO to manage NPLs and restructuring can be discussed in management courses such as capital market theory, financial institution management theory, accounting, and taxation. In particular, explanations of how various investment conduits and financial instruments are actually used will enable in-depth discussion in related accounting and finance courses.