KAMCO Announces Public Auction of Seized Assets Worth 142.5 Billion KRW

The Ticket Inspection Results Will Be Announced on November 12

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) will auction 767 items worth 142.5 billion KRW, including 152 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 9th to the 11th.

The auctioned items are those entrusted to KAMCO by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes 395 items priced at 70% or less of their appraised value.

When bidding in the auction, careful analysis of rights is necessary, and the buyer is responsible for evicting tenants, 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 11th through Onbid, and more detailed information can be found on the Onbid website under ‘Real Estate or Movable Property > Announcement > KAMCO Seized Assets.’

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