Goyang City, Gyeonggi-do, held a public auction event for movable assets seized from local tax defaulters in 2024 at the Grand Ballroom on the 3rd floor of KINTEX Exhibition Hall 1 on the 26th.
The items subject to this public auction are a total of 835 items, including luxury bags, luxury watches, precious metals, bicycles, and fishing rods, which were confiscated through house searches of large delinquent debtors in 35 local governments across the country. The prices were posted on the Korea Light Corporation public auction app with many citizens showing interest. The bid was submitted and submitted.
![Gucci watch 100,000 won, Rolex watch 3.7 million won… Public auction of property seized from local tax delinquents held![청계천 옆 사진관]](https://dimg.donga.com/wps/NEWS/IMAGE/2024/11/26/130503806.1.jpg "Gucci watch 100,000 won, Rolex watch 3.7 million won… Public auction of property seized from local tax delinquents held![청계천 옆 사진관]")
The city continued to conduct house searches on delinquent taxpayers who had the ability to pay delinquent taxes but were intentionally avoiding payment or trying to hide their assets.
Through this, 75 items seized, including Hermes shoes and belts, luxury bags such as Chanel and Louis Vuitton, clothing, jewelry, Camu cognac
Only participants at the KINTEX public auction site can participate in bidding through a smartphone or laptop provided at the site from 9 a.m. to 12 noon. The winning bid is a method in which each item is awarded to the person who offers the highest price above the minimum bid (appraised price), and the item is handed over to the successful bidder upon receipt on the same day.
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![Gucci watch 100,000 won, Rolex watch 3.7 million won... Public auction of property seized from local tax delinquents held![청계천 옆 사진관]](https://dimg.donga.com/a/180/101/95/2/wps/NEWS/IMAGE/2024/11/26/130503850.1.jpg)
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What types of items were auctioned off during the Goyang tax delinquent auction?
The text describes an event where a public auction was held for items seized from tax delinquents in Goyang, Gyeonggi-do. This auction took place on November 26, 2024, at KINTEX’s Exhibition Hall 1. A total of 835 items were made available for bidding, including luxury bags, watches, precious metals, and works of art, all confiscated during home searches of significant debtors across 35 local governments in South Korea.
Local citizens had the opportunity to view the items and participate in the auction, which was hosted by Gyeonggi-do and organized by Goyang City. The report by Jeon Young-han highlights the nature and significance of the event, emphasizing the range of valuable items being auctioned off due to the failure of certain individuals to meet their tax obligations.