KAMCO Auctions 775 Land and Building Properties Worth 67.4 Billion KRW
![Major Properties Scheduled for Sale [Source=Korea Asset Management Corporation]](http://www.asiae.co.kr/news/img_view.htm?img=2021031816253038765_1616052330.jpg)
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 18th that it will hold a public auction of 775 land and building properties worth 67.4 billion KRW over three days starting from the 22nd.
The auctioned properties are items entrusted by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes 117 apartments and residential buildings nationwide, as well as 223 properties with an appraised value of 70% or less.
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According to KAMCO, bidders should pay close attention to rights analysis during the auction, and the responsibility for eviction of tenants lies with the buyer, so caution is required. Additionally, the auction of the relevant properties may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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