KAMCO to Auction 1,277 Seized Properties Worth 260 Billion Won

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 29th that it will auction 1,277 items worth 260 billion KRW nationwide, including 286 residential buildings such as apartments and houses, through Onbid over three days from the 1st to the 3rd of next month.

The auctioned items are properties entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes.

This auction includes 495 items priced at 70% or less of the appraised value, making it worth the attention of actual buyers.

When bidding in the auction, careful analysis of rights is necessary, and the responsibility for eviction of tenants lies with the buyer, so caution is required.

Also, keep in mind that 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 the 3rd of next month through Onbid, and more detailed information can be found on the Onbid website.

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