KAMCO Auctions 743 Seized Properties Worth 206.1 Billion Won

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 5th that it will hold a public auction of 743 items worth 206.1 billion KRW, including 195 residential buildings such as apartments and houses nationwide, through Onbid from the 8th to the 10th for three days.

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

This auction includes 446 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 responsibility for eviction of tenants lies with the buyer, so caution is required.

Also, it should be kept in mind that the auction of the relevant items may be canceled before bidding due to reasons such as tax payment or inability to deliver notices.

New auction items will be announced on the 10th through Onbid, and more detailed information can be found on the Onbid website.

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