KAMCO to Auction Seized Assets Worth 154.5 Billion KRW... Bid Opening Results Announced on the 25th

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 19th that it will auction 731 items worth 154.5 billion KRW, including 175 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 22nd to the 24th.

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 384 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 buyer is responsible for evicting tenants, so caution is required.

Additionally, it should be kept in mind that the auction of the item 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 24th through Onbid, and more detailed information can be found on the Onbid website.

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