KAMCO Auctions 1,182 Properties Worth 140.5 Billion Won
[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will auction 1,182 items worth approximately 140.5 billion KRW through Onbid over three days starting from the 9th.
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 283 items priced at 70% or less of their appraised value.
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Bidders should pay attention to rights analysis during the auction, and buyers are responsible for eviction of tenants. There is also a possibility that the auction may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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