KAMCO to Auction Seized Assets Worth 104.2 Billion KRW

The Ticket Inspection Results Will Be Announced on the 18th

[Asia Economy Reporter Sim Nayoung] Korea Asset Management Corporation (KAMCO) will auction 883 items worth 104.2 billion KRW, including 137 residential buildings such as apartments and houses nationwide, through Onbid over two days from the 16th to the 17th.

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 498 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 evicting tenants, 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 undeliverable notices.

New auction items will be announced on the 17th through Onbid, and more detailed information can be found on the Onbid website under Real Estate or Movable Property > Announcements > KAMCO Seized Assets.