KAMCO Auctions 432 Items Worth 41.1 Billion KRW via Onbid
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) announced on the 24th that it will auction 432 items worth 41.1 billion KRW through Onbid.
The auction will take place over three days starting from the 27th. It also includes 68 residential buildings such as apartments and houses nationwide.
The auction is conducted on items entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes. Among the items, 143 are priced at 70% or less of the appraised value.
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However, bidders should pay attention to rights analysis during bidding, and the responsibility for eviction of tenants lies with the buyer, so caution is required. The auction of items may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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