KAMCO to Auction 798 Items Worth 88.4 Billion Won

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on this day that it will auction 798 items worth approximately 88.4 billion KRW over three days starting from the 8th.

This auction includes 128 residential buildings such as apartments and houses nationwide. There are also 340 items priced at 70% or less of the appraised value.

The auctioned items are those entrusted to KAMCO by public institutions such as tax offices and local governments to collect delinquent taxes.

When bidding in the auction, attention should be paid to rights analysis, and buyers need to be cautious about the responsibility for eviction of tenants. The auction may be canceled before bidding due to reasons such as tax payment or inability to deliver notices.

List of Major Properties Scheduled for Sale by Korea Asset Management Corporation from the 8th
[Photo by Korea Asset Management Corporation]

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