KAMCO Announces Public Auction of Seized Assets Worth 169.7 Billion KRW

The Ticket Gate Results Will Be Announced on November 19

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) announced on the 13th that it will hold a public auction of 953 items worth 169.7 billion KRW, including 161 residential buildings such as apartments and houses nationwide, through Onbid from the 16th to the 18th for three days.

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 as many as 270 items priced at 70% or less of the appraised value.

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

New auction items will be announced on the 18th through Onbid, and more detailed information can be found on the Onbid website under ‘Real Estate or Movable Property > Announcement > KAMCO Seized Property.’

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