Kamco to Auction Seized Assets Worth 94 Billion Won

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) announced on the 28th that it will auction 785 items worth 94 billion KRW over three days from the 31st to September 2nd through Onbid, an online public asset disposal system. Among the auction items, 132 are residential properties such as apartments and houses nationwide.

The auction items are those requested by public institutions such as tax offices and local governments to KAMCO for auction in order to collect delinquent taxes. This auction includes 421 items priced at 70% or less of the appraised value.

It is important to carefully analyze the rights when bidding in the auction, and buyers should be cautious as the responsibility for eviction of tenants lies with the purchaser. The auction of the relevant items may be canceled before bidding due to reasons such as tax payment or undeliverable notices. New auction items can be checked on Onbid from the 2nd of next month, and the bid opening results will be announced on the 3rd.

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