KAMCO to Auction Goods Worth 69.5 Billion Won Over 3 Days
Upcoming Major Public Auction Items by KAMCO
Photo by Korea Asset Management Corporation
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) announced that it will auction 489 items over three days starting from the 26th.
The items include 77 residential buildings such as apartments and houses nationwide. The total value amounts to approximately 69.5 billion KRW.
The auctioned items were entrusted to KAMCO by public institutions to collect overdue taxes. Among the auction items, 226 are priced at 70% or less of the appraised value.
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When bidding in the auction, the buyer is responsible for evicting tenants, and careful attention should be paid to rights analysis. The auction may be canceled before bidding due to reasons such as tax payment or inability to deliver notices.
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