KAMCO to Auction Seized Assets Worth 134.5 Billion KRW... Results Announced on Next Month 1st
[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 25th that it will auction 1,025 items worth 134.5 billion KRW, including 133 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 28th to the 30th.
The auctioned items are properties entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes.
This auction includes 209 items priced at 70% or less of the appraised value, making it worth the attention of actual buyers.
When bidding in the auction, careful analysis of rights is necessary, and the responsibility for eviction of tenants lies with the buyer, so caution is required.
Additionally, it should be kept in mind that the auction of the relevant items may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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New auction items will be announced on the 30th through Onbid, and more detailed information can be found on the Onbid website.
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