KAMCO to Auction Seized Assets Worth 139.6 Billion KRW Including 233 Apartments and Houses

[Asia Economy Reporter Ryu Tae-min] Korea Asset Management Corporation (KAMCO) announced on the 11th that it will auction 1,106 seized properties worth 139.6 billion KRW, including 233 residential buildings such as apartments and houses nationwide, through Onbid from the 13th to the 15th of this month.

The auctioned items are properties requested for auction by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes 274 items priced at 70% or less of the appraised value.

When bidding in the auction, attention should be paid to rights analysis, and buyers should be aware that the responsibility for eviction of tenants lies with the purchaser. It should also be kept in mind that the auction may be canceled before bidding due to reasons such as tax payment or undeliverable notices.

New auction items will be announced on June 15 through Onbid.

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