Kamco to Auction Seized Assets Worth 35.9 Billion Won
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 12th that it will auction 397 seized properties (worth 35.9 billion KRW) through Onbid, an online public asset disposal system, from the 15th to the 17th.
This auction includes 211 items priced at 70% or less of their appraised value.
The auctioned items are properties entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes.
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Bidders should pay attention to rights analysis when bidding. The responsibility for eviction after winning the bid lies with the buyer, and the auction of the item may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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