Jeonbuk Province to Hold "Electronic Auction of Seized Property from Delinquent Taxpayers" from September 1 to 3

Luxury Goods Including Jewelry and Golf Clubs
313 High-Value Items on Display for Auction Preview

Jeonbuk Special Self-Governing Province will hold an exhibition titled "Electronic Auction of Seized Movable Property from Local Tax Delinquents" in the lobby on the first floor of the provincial government office from September 1 to 3.

Jeonbuk Provincial Office building exterior.

According to the province on August 28, this exhibition will be held in collaboration with seven cities and counties within the province (Jeonju, Gunsan, Namwon, Gimje, Wanju, Jinan, and Buan). During the exhibition period, provincial and municipal officials will be stationed at the first-floor lobby to kindly respond to visitors' inquiries at all times.

The items on display consist of a total of 313 high-value goods, including luxury watches and bags from brands such as IWC, Bulgari, Cartier, and Gucci, as well as jewelry and golf clubs. Anyone can freely visit the exhibition and inspect the items in person.

This event is particularly significant in that it allows visitors to physically inspect the items before participating in the electronic auction. This addresses the limitation of "difficulty in verifying items in person" that has been pointed out in previous online auctions and aims to enhance transparency and trust in the auction process.

The electronic bidding will take place through the Onbid system of the Korea Asset Management Corporation, from 9:00 a.m. on September 1 to 6:00 p.m. on September 3. The successful bidders will be announced on September 4. The Onbid website also provides a list of auction items and detailed information in advance. For more details, please contact the Tax Administration Division of the Jeonbuk Provincial Office.

Kim Jongpil, Director of the Provincial Autonomy Administration Bureau, stated, "This auction not only serves its primary purpose of encouraging diligent tax payment and resolving local tax delinquencies, but also provides an opportunity for participants to build trust by inspecting the items in person. We ask for the active interest and participation of our residents."

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