KAMCO to Auction 931 Seized Properties Worth 138.5 Billion KRW

Announcement of Ticket Gate Results on the 28th

[Asia Economy Reporter Kwangho Lee] Korea Asset Management Corporation (KAMCO) announced on the 22nd that it will hold a public auction of 931 items worth 138.5 billion KRW, including 202 residential buildings such as apartments and houses nationwide, through Onbid over three days from the 25th to the 27th.

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 486 items priced at 70% or less of the appraised value, making it worth the interest of actual buyers.

When bidding in the auction, attention should be paid to rights analysis, and the responsibility for eviction of tenants lies with the buyer, so caution is required. Also, keep in mind that the auction of the relevant items may be canceled before bidding due to reasons such as tax payment or failure of delivery.