Can Foreigners Participate in OnBid Public Auctions in Korea? (Complete Guide 2026)
South Korea’s public auction market offers opportunities to buy real estate, vehicles, and government-owned assets below market value. One of the main platforms is OnBid , operated by the Korea Asset Management Corporation. If you are a foreigner living in or outside Korea, you may wonder: Can foreigners participate in OnBid public auctions? The answer is yes — but with conditions . This guide explains eligibility, registration, required documents, restrictions (especially farmland), and practical tips based on real participation experience. What Is OnBid? OnBid is an online public auction platform operated by Korea Asset Management Corporation (also known as KAMCO). Official platform: OnBid Assets sold on OnBid include: Real estate (land, buildings) Vehicles Government-owned properties Seized tax assets Corporate liquidation assets Everything is conducted online . Can Foreigners Legally Participate? ✅ Yes, foreigners can participate. However, eligibility depends on: Type of asset Visa...