KAMCO to Auction Over 1,000 Items Worth 247.8 Billion Won in Three Days
Major properties scheduled for sale. Photo by Korea Asset Management Corporation
View original image[Asia Economy Reporter Song Seung-seop] Korea Asset Management Corporation (KAMCO) will conduct a public auction of over 1,000 items through Onbid for three days starting from the 15th.
The auction items are those requested by tax offices and local governments to KAMCO for the collection of delinquent taxes. A total of 1,075 items are subject to auction, including 242 residential buildings such as apartments and houses nationwide. The total value of the items amounts to 247.8 billion KRW. Among the auction items, 389 are priced at 70% or less of the appraised value.
Hot Picks Today
"Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- After Losing Her Only Daughter, a Mother in China Gave Birth to Twins at 60... Reinventing Life at 76
- "We Will Return to the EU" ... Brexit Reignited in UK Prime Ministerial Race
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
However, bidders should pay attention to the rights analysis when bidding, and the responsibility for eviction of tenants lies with the buyer, so caution is required. Additionally, the auction may be canceled before bidding due to tax payment or undeliverable notices.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
