KAMCO to Auction Seized Assets Worth 19.5 Billion KRW... Bid Opening Results Announced on July 6

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 31st that it will hold a public auction of 252 items worth 19.5 billion KRW, including 42 residential buildings such as apartments and houses nationwide, through Onbid for three days from the 3rd to the 5th of next month.

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 as many as 130 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 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 Onbid on the 5th of next month, and more detailed information can be found on the Onbid website.

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