KAMCO to Auction Seized Assets Worth 141.9 Billion KRW
[Asia Economy Reporter Hwang Seoyul] KAMCO will auction 897 items worth 141.9 billion KRW, including 211 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 29th to the 31st.
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 540 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 buyer is responsible for eviction of tenants, so caution is required. Also, keep in mind that the auction of the item may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
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New auction items will be announced on the 31st through Onbid, and more detailed information can be found on the Onbid website under ‘Real Estate or Movable Property > Announcement > KAMCO Seized Property.’
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