KAMCO to Auction Seized Assets Worth 22.6 Billion KRW... Bid Opening Results Announced on the 23rd

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 17th that it will hold a public auction of 271 items worth 22.6 billion KRW, including 41 residential buildings such as apartments and houses nationwide, through Onbid from the 20th to the 22nd for three days.

The auctioned items are those requested by public institutions such as tax offices and local governments to KAMCO for the collection of delinquent taxes.

This auction includes as many as 163 items priced at 70% or less of the appraised value, making it worth the interest of actual buyers.

When bidding in the auction, attention must be paid to the analysis of rights, 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 22nd through Onbid, and more detailed information can be found on the Onbid website.

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