Korea Asset Management Corporation to Auction 754 Properties Worth 87.8 Billion Won

Major properties scheduled for sale. Photo by Korea Asset Management Corporation

[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will auction 754 items worth 87.8 billion KRW over three days starting from the 16th.

The items are those requested for auction by public institutions such as tax offices and local governments to collect overdue taxes. The auction includes 362 items priced at 70% or less of their appraised value.

When bidding in the auction, careful attention must be paid to rights analysis, and buyers should be cautious as the responsibility for eviction of tenants lies with the purchaser. The auction of the relevant items may be canceled before bidding due to reasons such as tax payment or undeliverable notices.

New auction items will be announced on Onbid on the 18th.

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