KAMCO to Auction Seized Assets Worth 62.2 Billion KRW... Bid Opening Results Announced on the 13th

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 7th that it will hold a public auction of 591 items worth 62.2 billion KRW, including 140 residential buildings such as apartments and houses nationwide, through Onbid for three days from the 10th to the 12th.

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 245 items priced at 70% or less of the appraised value, making it worth the interest of actual buyers.

When bidding in the auction, attention should 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 12th through Onbid, and more detailed information can be found on the Onbid website.

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