KAMCO to Auction Seized Assets Worth 135.3 Billion Won... Results Announced on 29th
[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 23rd that it will auction 1,129 items worth 135.3 billion KRW, including 187 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 26th to the 28th.
The auctioned items are those entrusted to KAMCO by public institutions such as tax offices and local governments to collect delinquent taxes.
This auction includes 302 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 evicting 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.
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New auction items will be announced on the 28th through Onbid, and more detailed information can be found on the Onbid website.
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