[Gyeonggi] A luxurious bag with a gold ring...More than 2,000 people are flocking to the public sale of foreclosures of delinquent borrowers.

Gyeonggi-do Provincial Government Publicly Sold More Than 830 Items Seized by Delinquents
Using Smartphone App...Best bid
if you write the highest priceGold rings, gold keys, spirits, golf clubs, fishing rods, etc. for public sale

[Anchor]
Gyeonggi Province has publicly sold a large number of high-priced luxury goods seized from high-value and habitual delinquents.

More than 2,000 people flocked as it came out at a lower price than the market price.

Reporter Choi Ki-sung covered the scene.

[Reporter]
The large exhibition hall is full of people.

There are about 830 items on the shelves, including luxury bags and watches.

These are items that Gyeonggi-do Provincial Government seized and sold at public sale after searching the homes of high-value and habitual delinquents worth more than 30 million won.

[Short-selling Participant: At the current price point, it is cheaper than used. In the case of Hermes, these two are not usually premium, but when I go to secondhand or something like that, they don't come out at this price....]

When a field participant makes an online bid using a smartphone app, the person who writes the highest price wins the bid.

Gold rings, golden keys, spirits, golf clubs, and fishing rods were also included in the short sale.

[Jeong Ji-soo / Gunpo City, Gyeonggi Province: I'm interested in gold keys, gold rings, and bracelets. I think I did more than 20. Tender.]
More than 2,000 bidders participated in
and 7,300 bids.

The appraised price is 50-60% of the market price and the successful bid price is 80% of the market price, and the successful bidder received the goods right on the spot.

[Cha Hyung-soo / Head of collection department at Goyang City Hall in Gyeonggi Province: There are college students who participate out of curiosity, end users who are so interested in luxury goods, and recently, people who use public sale as a means of financing]

Gyeonggi Province has been holding a public sale of seized movable property every year since 2015.

[Roh Seung-ho / Head of Tax Justice Division, Gyeonggi-do Provincial Government: Gyeonggi-do Province has about 1.25 trillion won in arrears. I think the amount of tax we will cover through public sale will be less than 1 billion won.

In addition to 31 cities and counties in Gyeonggi-do, 12 local governments, including Daegu, Jeonbuk, and Jeju, participated in the public sale.

This is YTN Choi Ki Sung.