SEOUL, Feb. 3 (Korea Bizwire) — The popularity of commercial properties in South Korea’s auction market has waned significantly, with both successful bid rates and price ratios falling as businesses struggle with decreased sales during the economic downturn. According to data from GG Auction, a specialized auction data firm, Seoul saw 258 commercial property auctions from [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s Ministry of Science and ICT will kick off the bidding process for the 28 gigahertz spectrum Thursday, aimed at establishing the country’s fourth official mobile carrier. Three companies — Sejong Telecom Inc., Stage X Co. and My Mobile Consortium — will participate in the auction for the [...]
SEOUL, Nov. 28 (Korea Bizwire) — The number of residential properties whose ownership changed due to forced sale by auction marked a sharp increase this year compared to a year ago. According to the Supreme Court, the number of apartments, villas and residential officetels whose ownership shifted due to forced sale by auction stood at [...]
SEOUL, June 24 (Korea Bizwire) — South Korean underwear company Ssangbangwool said Friday it has submitted a bid for SsangYong Motor Co. in the auction to find a new investor for the debt-laden carmaker. SsangYong’s lead manager, the EY Hanyoung accounting firm, received bids from interested companies for SsangYong until 3 p.m. Friday. Ssangbangwool was [...]
SEOUL, June 6 (Korea Bizwire) — The football shoes Son Heung-min wore in the final qualifying match for the 2022 Qatar World Cup against Iran in March, were sold at an auction for 16 million won (US$12,780). The event was held on Monday from 2 p.m. at the northern square of Seoul World Cup Stadium, [...]
SEOUL, June 5 (Korea Bizwire) — South Korean football star Son Heung-min’s national team jersey bearing his autograph was sold for 6.5 million won (US$5,190) at a charity auction here Sunday. Son’s red No. 7 national team shirt started with a price of 220,000 won, but it reached 6 million won only three minutes after [...]
SEOUL, April 7 (Korea Bizwire) — South Korea’s oldest TV has been put up for auction. Online auction house Kobay Auction said Wednesday that a VD-191, a 19-inch black-and-white TV manufactured by Goldstar in August 1966, had been put up for an online auction that will take place on April 7 at 6 p.m. Goldstar [...]
LONDON, March 12 (Korea Bizwire) — The world’s top wine producers are responding to the humanitarian crisis in Ukraine in an innovative way. Crurated, the London-based membership wine community designed to connect connoisseurs with world-class producers, has announced it is dedicating the week of March 14-20, 2022 for The All Heart Auction, an online event auctioning [...]
SEOUL, Feb. 17 (Korea Bizwire) — A planned bidding for additional 5G network frequency bands has been delayed to after this month, officials said Thursday, as three major South Korean telecom operators failed to come up with a compromise over the planned auction. In December, the Science and ICT ministry said it will open bidding [...]
SEOUL, Jan. 27 (Korea Bizwire) — Two national treasures from the collection of the Kansong Art Museum were put on auction in Seoul on Thursday but failed to attract any bids. The two Buddhist relics — the Gilt-bronze Standing Buddha Triad with Inscription of Gyemi Year and the Portable Shrine of Gilt-bronze Buddha Triad — [...]