KAMCO Announces Public Auction of Seized Assets Worth 25 Billion KRW

The ticket inspection results will be announced on December 24.

[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) will auction 277 items worth 25 billion KRW, including 44 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 21st to the 23rd.

The auction items are properties entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes as many as 189 items priced at 70% or less of the appraised value.

Bidders should pay attention to rights analysis when bidding, and buyers are 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 23rd through Onbid, and more details 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.