KAMCO to Auction Seized Assets Worth 59.2 Billion KRW
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will auction 632 items worth 59.2 billion KRW over three days starting from the 19th.
The auctioned items are those entrusted to KAMCO by public institutions such as tax offices or local governments to collect overdue taxes. This auction includes 338 items priced at 70% or less of their appraised value.
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When bidding in the auction, careful analysis of rights is necessary, and buyers should be aware that the responsibility for evicting tenants lies with the purchaser. The auction may be canceled before bidding due to tax payments or undeliverable notices.
This content was produced with the assistance of AI translation services.
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