Kamco to Auction Seized Properties Worth 96.7 Billion Won Starting from the 5th

Including 100 Residential Buildings Nationwide Such as Apartments and Houses

Major Properties Scheduled for Auction by Korea Asset Management Corporation
Photo by Korea Asset Management Corporation

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced on the 2nd that it will auction 706 items worth 96.7 billion KRW.

The auctioned items are those entrusted to KAMCO by public institutions such as tax offices and local governments to collect delinquent taxes. The items include 100 residential buildings such as apartments and houses nationwide. This auction also includes 140 items priced at 70% or less of the appraised value.

When bidding in the auction, careful attention should be paid to rights analysis, and buyers need to be cautious as the responsibility for eviction of tenants lies with the purchaser. There is also a possibility that the auction of items may be canceled before bidding due to reasons such as tax payment or undeliverable notices.

The auction period is from the 5th to the 7th of this month.

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