KAMCO to Auction Seized Assets Worth 43.9 Billion KRW... 306 Items Priced Below 70%

Ticket Inspection Results, Announced on February 13

[Asia Economy Reporter Kwon Haeyoung] Korea Asset Management Corporation (KAMCO) announced on the 7th that it will auction 654 items worth 43.9 billion KRW, including 94 residential buildings such as apartments and houses nationwide.

The items to be auctioned through Onbid from the 10th to the 12th are those requested by public institutions such as tax offices and local governments to KAMCO to collect delinquent taxes. This auction includes 306 items priced at 70% or less of the appraised value, making it worth the attention of actual buyers.

When bidding in the auction, careful analysis of rights is necessary, and the responsibility for eviction of tenants lies with the buyer, so caution is required. Also, keep in mind that the auction of the item may be canceled before bidding due to reasons such as tax payment or undeliverable notices.

New auction items will be announced on the 12th through Onbid, and more detailed information can be found on the Onbid website under ‘Real Estate or Movable Property > Announcement > KAMCO Seized Property.’

Meanwhile, KAMCO is opening and sharing auction information on public assets, including seized property, through the Onbid website and the Smart Onbid application to promote free use of auction information by the public and to revitalize public asset transactions.

This content was produced with the assistance of AI translation services.