KAMCO to Auction 1,115 Seized Properties Worth 143.9 Billion KRW

Announcement of Ticket Gate Results on the 14th

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 8th that it will auction 1,115 items worth 143.9 billion KRW, including 181 residential buildings such as apartments and houses nationwide, through Onbid from the 11th to the 13th.

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 332 items priced at 70% or less of the appraised value, making it worth the interest 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 inability to deliver notices.

New auction items will be announced on the 13th through Onbid, and more detailed information can be found on the Onbid website.