KAMCO to Auction Seized Assets Worth 44.7 Billion KRW from 11th to 13th
The ticket gate results will be announced on Thursday, January 14.
[Asia Economy Reporter Park Sun-mi] Korea Asset Management Corporation (KAMCO) announced on the 8th that it will auction 372 items worth 44.7 billion KRW, including 73 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 11th to the 13th.
The auctioned items are those requested for auction by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes 114 items priced at 70% or less of the appraised value.
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When bidding in the auction, careful attention must be paid to rights analysis, 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 13th through Onbid, and more detailed information can be found on the Onbid website under ‘Real Estate or Movable Property > Announcement > KAMCO Seized Assets.’
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