[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 16th that it will auction 884 items worth 128 billion KRW, including 123 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 19th to the 21st.
The auctioned items are properties entrusted to KAMCO for auction by public institutions such as tax offices and local governments to collect delinquent taxes. This auction includes 163 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, keep in mind that the auction of the item may be canceled before bidding due to reasons such as tax payment or undeliverable notices.
New auction items will be announced on the 21st through Onbid, and more detailed information can be found on the Onbid website.
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