KAMCO to Auction Seized Assets Worth 66.9 Billion KRW... Bid Opening Results Announced on the 8th

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 2nd that it will auction 613 items worth 66.9 billion KRW, including 72 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 5th to the 7th.

The auctioned items are those requested by public institutions such as tax offices and local governments to KAMCO for auction in order to collect delinquent taxes.

This auction includes 294 items priced at 70% or less of the appraised value, making it worth the interest of actual buyers.

When bidding in the auction, attention should be paid to rights analysis, and the buyer is responsible for eviction of tenants, so caution is required.

Also, keep in mind that the auction of the item may be canceled before bidding due to reasons such as tax payment or undeliverable notices.

New auction items will be announced on the 7th through Onbid, and more detailed information can be found on the Onbid website.

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