KAMCO Announces Public Auction of Seized Assets Worth 193.7 Billion KRW
[Asia Economy Reporter Kim Min-young] Korea Asset Management Corporation (KAMCO) announced on the 4th that it will auction 1,466 items worth 193.7 billion KRW, including 213 residential buildings nationwide, through Onbid from the 7th to the 9th.
The auctioned items are those requested by public institutions such as tax offices and local governments to KAMCO for auction in order to collect overdue taxes. This auction includes 390 items priced at 70% or less of the appraised value.
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When bidding in the auction, careful analysis of rights is required, 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. Newly auctioned items will be announced on the 9th through Onbid.
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