KAMCO Auctions Seized Properties Worth 206.8 Billion KRW Including Lotte Castle Galaxy in Seocho-gu

[Asia Economy Reporter Hwang Seoyul] Korea Asset Management Corporation (hereinafter referred to as KAMCO) is putting 1,500 seized properties, including 'Lotte Castle Galaxy' in Jamwon-dong, Seocho-gu, Seoul, up for public auction.

KAMCO announced on the 9th that it will hold a public auction over two days from the 13th to the 14th, offering 1,500 items worth 206.8 billion KRW, including 371 residential buildings such as apartments and houses nationwide. The auctioned items are properties entrusted to KAMCO by public institutions such as tax offices and local governments to collect delinquent taxes. Among these, 475 items are priced at 70% or less of their appraised value.

Major properties scheduled for sale include 'Lotte Castle Galaxy' located in Jamwon-dong, Seocho-gu, Seoul. The appraised value of this property is 3.13 billion KRW, but the expected sale price is about 80% of the appraised value, at 2.54 billion KRW. Other residential facilities up for auction include 'Gwanak Woosung Apartment' in Bongcheon-dong, Gwanak-gu, and 'Geoje-dong Lotte Castle Firenze' in Geoje-dong, Yeonje-gu, Busan.

New auction items can be checked on the Onbid website under 'Real Estate or Movable Property > Announcement > KAMCO Seized Properties' starting on the 14th.

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