{"id":7651,"date":"2025-10-29T09:01:17","date_gmt":"2025-10-29T00:01:17","guid":{"rendered":"https:\/\/rebounder.lobin.co\/about\/"},"modified":"2026-03-22T18:33:53","modified_gmt":"2026-03-22T09:33:53","slug":"about","status":"publish","type":"page","link":"https:\/\/rebounder.lobin.co\/en\/about\/","title":{"rendered":"Court and Public Auctions for Lodging Properties"},"content":{"rendered":"\t\t<div data-elementor-type=\"section\" data-elementor-id=\"7934\" class=\"elementor elementor-7934 elementor-7550\" data-elementor-post-type=\"elementor_library\">\n\t\t\t<div data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-element elementor-element-aad605a e-con-full e-flex e-con e-parent\" data-id=\"aad605a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6ed7f41 elementor-widget elementor-widget-text-editor\" data-id=\"6ed7f41\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Court auctions and public auctions are among the most effective ways to start or expand a lodging business. By minimizing initial investment costs, they reduce the burden of operational performance and enable more flexible responses to dynamic market changes. You can explore the procedures for court auctions and public auctions on Rebounder.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef2743 elementor-widget elementor-widget-table-of-contents\" data-id=\"7ef2743\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;marker_view&quot;:&quot;bullets&quot;,&quot;icon&quot;:{&quot;value&quot;:&quot;&quot;,&quot;library&quot;:&quot;&quot;},&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h5&quot;,&quot;h6&quot;],&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h6 class=\"elementor-toc__header-title\">\n\t\t\t\tTable of Contents\t\t\t<\/h6>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__7ef2743\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56a9074 elementor-widget elementor-widget-heading\" data-id=\"56a9074\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">1. Types of Auctions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-504979c elementor-widget elementor-widget-heading\" data-id=\"504979c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Real Estate Auctions and Movable Property Auctions<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7062d7a elementor-widget elementor-widget-text-editor\" data-id=\"7062d7a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Real estate auctions<\/strong> involve land and fixtures attached to it, such as houses, commercial buildings, forests, farmland, and factories. In contrast, <strong>movable property auctions<\/strong> involve tangible assets such as furniture and appliances, as well as claims and other property rights, including condominium memberships.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-699db1f elementor-widget elementor-widget-heading\" data-id=\"699db1f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Private Auctions and Public Auctions<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0d694b5 elementor-widget elementor-widget-text-editor\" data-id=\"0d694b5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Private auctions<\/strong> are conducted by private parties, whereas <strong>public auctions<\/strong> are conducted by government authorities. Public auctions include <span style=\"text-decoration: underline;\"><strong>court auctions<\/strong>, where the court acts as the enforcing authority, and <strong>public auctions<\/strong> conducted by public institutions such as the Korea Asset Management Corporation at OnBid<\/span>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a419df elementor-widget elementor-widget-heading\" data-id=\"3a419df\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2462 Voluntary Auctions and Compulsory Auctions<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08f1933 elementor-widget elementor-widget-text-editor\" data-id=\"08f1933\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\">A <strong>voluntary auction<\/strong> is conducted by a creditor to enforce a security right\u2014such as a mortgage, collateral mortgage, lien, pledge, leasehold right, or security trust\u2014established on real estate provided as collateral by the debtor<\/span>. Therefore, it does not require an enforceable title. <span style=\"text-decoration: underline;\">A <strong>compulsory auction<\/strong>, on the other hand, applies when no such collateral exists and requires an enforceable title issued by the court<\/span>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-623e6b8 elementor-widget elementor-widget-text-editor\" data-id=\"623e6b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Enforceable title<\/strong> (\u201ctitle of obligation\u201d or \u201ctitle of execution\u201d): An official document that certifies the existence and scope of a claim enforceable through state authority and grants the right to compulsory execution. Examples include enforceable judgments, payment orders, and settlement records. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C24%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 24<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C56%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 56<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2f43b8d elementor-widget elementor-widget-text-editor\" data-id=\"2f43b8d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In <strong>voluntary auctions<\/strong>, even if the buyer acquires ownership after the auction, the ownership may be invalid if the underlying security right did not exist or was invalid prior to the commencement decision. In contrast, in <strong>compulsory auctions<\/strong>, the buyer\u2019s ownership remains valid even if the underlying claim in the enforceable title did not exist or was invalid from the outset.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a4b9e92 elementor-widget elementor-widget-text-editor\" data-id=\"a4b9e92\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i class=\"fa-regular fa-hand-point-up\" style=\"color: #c00000;\"><\/i> In general, court auctions are compulsory auctions, while OnBid public auctions are voluntary auctions.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-233775f elementor-widget elementor-widget-heading\" data-id=\"233775f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">2. Creditor\u2019s Application for Auction<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-49568d1 elementor-widget elementor-widget-text-editor\" data-id=\"49568d1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To apply for a <strong>compulsory auction<\/strong>, the creditor must submit the following documents to the competent court:<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2bba1b3 elementor-widget elementor-widget-text-editor\" data-id=\"2bba1b3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol><li>Application for compulsory auction of real estate<\/li><li>Enforceable copy of the enforceable title<\/li><li>Documents proving the requirements for commencement of compulsory execution<ul><li>Proof of service of the enforceable title<\/li><li>Additional execution clauses and proof of service where conditions or succession apply<\/li><li>Notarized documents for collateral provision and proof of service<\/li><li>Documents proving performance or tender of counter-obligations<\/li><\/ul><\/li><li>Certified copy of the real estate register or equivalent<\/li><li>10 copies of the list of real estate<\/li><li>Revenue stamp (KRW 5,000 per enforceable title or security right)<\/li><li>Supreme Court stamp (KRW 3,000 per real estate unit)<\/li><li>Receipts for registration tax (0.2% of claim amount) and local education tax<\/li><li>Advance payment of costs (service fees, appraisal fees, inspection fees, publication fees, sale commissions, etc.)<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-67d1e60 elementor-widget elementor-widget-heading\" data-id=\"67d1e60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">3. Commencement Decision and Preparation for Sale<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db84d6f elementor-widget elementor-widget-heading\" data-id=\"db84d6f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Decision to Commence Auction<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1bf30d elementor-widget elementor-widget-text-editor\" data-id=\"e1bf30d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Upon receiving the application, the court reviews the documents and decides whether to commence the auction. If approved, the court requests <strong>registration of the commencement decision<\/strong>. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C94%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 94<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-138c758 elementor-widget elementor-widget-text-editor\" data-id=\"138c758\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\">In compulsory auctions, the court simultaneously orders <strong>seizure of the property<\/strong><\/span>. Although the debtor may continue to use and manage the property, they cannot transfer or dispose of it. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C83%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 83<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13eeb0b elementor-widget elementor-widget-heading\" data-id=\"13eeb0b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Preparation for Sale<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b408ba elementor-widget elementor-widget-text-editor\" data-id=\"9b408ba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Upon issuing a commencement order for auction, the court first publicly notifies creditors\u2014who will be satisfied through the proceeds of the sale of the property\u2014as well as public authorities that collect taxes and various public charges, to <strong>file claims for distribution<\/strong> (dividend demands) by a specified deadline, and accepts such applications (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C84%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 84<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C88%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 88<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-353b421 elementor-widget elementor-widget-text-editor\" data-id=\"353b421\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In addition, in order to liquidate a property through auction, the court orders an enforcement officer to investigate the status of the property, occupancy relationships, the amount of rent or deposit, and other relevant conditions (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C85%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 85(1)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C46%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 46<\/a>). An appraiser is then engaged to evaluate the property, and the <strong>minimum sale price<\/strong> is determined in consideration of the appraised value (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C97%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 97(1)<\/a>). The statement of sale, the status investigation report, and the appraisal report prepared in this process are made available at the court for public inspection by keeping copies on file until one week prior to the sale date or the commencement date of bidding (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C105%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 105(2)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C55%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 55<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9844331 elementor-widget elementor-widget-heading\" data-id=\"9844331\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">4. Court\u2019s Public Notice of Sale Date<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-463dfc3 elementor-widget elementor-widget-heading\" data-id=\"463dfc3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Designation of Sale Method<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-922c002 elementor-widget elementor-widget-text-editor\" data-id=\"922c002\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The court determines whether the property will be sold by the method of <strong>date-specific bidding<\/strong> or by the method of <strong>period bidding<\/strong> (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 103(1)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%ED%96%89%EC%A0%95%EA%B7%9C%EC%B9%99\/%EB%B6%80%EB%8F%99%EC%82%B0%EB%93%B1%EC%97%90%EB%8C%80%ED%95%9C%EA%B2%BD%EB%A7%A4%EC%A0%88%EC%B0%A8%EC%B2%98%EB%A6%AC%EC%A7%80%EC%B9%A8(%EC%9E%AC%EB%AF%BC2004-3)\/(1939,20251223)\" target=\"_blank\" rel=\"nofollow noopener\">Auction Procedure Guidelines for Real Estate, etc. Article 3(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5633292 elementor-widget elementor-widget-text-editor\" data-id=\"5633292\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div style=\"margin-bottom: 5px;\"><strong>Date-specific bidding<\/strong>: A bidding procedure in which bidders attend on the sale date, submit a bid form to the enforcement officer, and the bids are opened (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Articles 103(2), (3)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C62%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 62(1)<\/a>).<\/div><p><strong>Period bidding<\/strong>: A bidding procedure in which bidders state their purchase price on the bid form and submit it directly to the enforcement officer or by registered mail within the designated bidding period, and the bids are opened on the sale date (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Articles 103(2), (3)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C69%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 69<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9f05ed elementor-widget elementor-widget-text-editor\" data-id=\"c9f05ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i class=\"fa-regular fa-hand-point-up\" style=\"color: #c00000;\"><\/i> In general, court auctions are conducted as date-specific bidding in court, while OnBid public auctions are conducted as period bidding online.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-55b50d4 elementor-widget elementor-widget-heading\" data-id=\"55b50d4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Designation and Public Notice of Sale Date, etc.<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d73bc15 elementor-widget elementor-widget-text-editor\" data-id=\"d73bc15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Unless any of the following reasons apply, the court shall, ex officio, <span style=\"text-decoration: underline;\">set the <strong>sale date<\/strong> and the <strong>date for decision of sale<\/strong>, notify interested parties<\/span>, and publicly announce them through the court bulletin board, official gazette, public notices, newspapers, or electronic communication media (<a href=\"https:\/\/www.courtauction.go.kr\/\" target=\"_blank\" rel=\"nofollow noopener\">court auction information website<\/a>) (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C102%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 102<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C104%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 104<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C11%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 11(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6768b9a elementor-widget elementor-widget-text-editor\" data-id=\"6768b9a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol><li>Where it is deemed that nothing would remain after paying all encumbrances on the property that take priority over the seizing creditor\u2019s claim and procedural costs with the minimum sale price<\/li><li>Where the seizing creditor fails, within one week from receipt of the notice above, to provide sufficient security while applying to purchase the property at a price that would cover such encumbrances and costs if no purchase application is made at that price<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84fc59e elementor-widget elementor-widget-heading\" data-id=\"84fc59e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">5. Participation of Bidders<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e65afd4 elementor-widget elementor-widget-heading\" data-id=\"e65afd4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Collection of Auction Information<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d33a70b elementor-widget elementor-widget-text-editor\" data-id=\"d33a70b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To participate in bidding, one must first identify which properties are scheduled for sale (auction). Information on such properties can be obtained through the court bulletin board, official gazette, public notices, newspapers, or electronic communication media (<a href=\"https:\/\/www.courtauction.go.kr\/\" target=\"_blank\" rel=\"nofollow noopener\">court auction information website<\/a>) (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C104%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 104(1)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C11%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 11(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-174e8bf elementor-widget elementor-widget-text-editor\" data-id=\"174e8bf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The following bidding-related information can be obtained through such announcements (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C106%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 106<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C268%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 268<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C56%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 56<\/a>):<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b119e70 elementor-widget elementor-widget-text-editor\" data-id=\"b119e70\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ol><li>Description of the property<\/li><li>Statement that the property is to be sold by compulsory execution or voluntary auction and the method of sale<\/li><li>Occupant of the property, basis of occupancy, period of occupancy, rent or deposit agreement and amount<\/li><li>Date, time, and place of the sale; name of the enforcement officer; and, in case of period bidding, the bidding period and place<\/li><li>Minimum sale price<\/li><li>Date, time, and place of the decision of sale<\/li><li>Statement that copies of the statement of sale, status investigation report, and appraisal report will be made available at the court prior to the sale date<\/li><li>Statement that persons holding rights not required to be registered must file their claims<\/li><li>Statement that interested parties may attend the sale date<\/li><li>In case of bulk sale decision, that fact<\/li><li>Restrictions on bidder qualifications, if any<\/li><li>Amount and method of providing the bid deposit<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8251eca elementor-widget elementor-widget-text-editor\" data-id=\"8251eca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Bulk sale decision<\/strong>: Refers to a decision by the court, either ex officio or upon request of an interested party, to sell multiple properties as a single group when deemed appropriate considering their location, form, and usage relationships (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C98%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 98(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9fc0135 elementor-widget elementor-widget-text-editor\" data-id=\"9fc0135\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i class=\"fa-regular fa-hand-point-up\" style=\"color: #c00000;\"><\/i> If an area is designated as an <a href=\"https:\/\/eeis.schoolkeepa.or.kr\/institution\/info.do\" target=\"_blank\" rel=\"nofollow noopener\">Educational Environment Protection Zone<\/a>, lodging business under the Public Health Control Act and tourist accommodation business under the Tourism Promotion Act are not permitted. In other words, if a lodging business that commenced prior to such designation is closed, new registration is, in principle, not allowed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5af8701 elementor-widget elementor-widget-heading\" data-id=\"5af8701\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Verification of Rights<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-86211c7 elementor-widget elementor-widget-text-editor\" data-id=\"86211c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To determine which rights will be extinguished or assumed, one must first examine the <strong>real estate registry<\/strong> and conduct <strong>on-site investigation<\/strong> to identify existing rights. Since rights extinguished are generally those participating in the distribution procedure, it is also useful to review which rights were the basis for <strong>distribution claims by interested parties<\/strong> (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C88%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 88<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C148%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 148<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-381ebf2 elementor-widget elementor-widget-text-editor\" data-id=\"381ebf2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i class=\"fa-regular fa-hand-point-up\" style=\"color: #c00000;\"><\/i> In general, most rights are extinguished upon purchase in court auctions, whereas in OnBid public auctions, most rights are assumed after purchase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68fe415 elementor-widget elementor-widget-heading\" data-id=\"68fe415\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2462 Participation in Bidding<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b83570 elementor-widget elementor-widget-text-editor\" data-id=\"6b83570\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Bidders participate in either date-specific bidding or period bidding depending on the method designated by the court (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 103<\/a> and <a href=\"https:\/\/www.law.go.kr\/%ED%96%89%EC%A0%95%EA%B7%9C%EC%B9%99\/%EB%B6%80%EB%8F%99%EC%82%B0%EB%93%B1%EC%97%90%EB%8C%80%ED%95%9C%EA%B2%BD%EB%A7%A4%EC%A0%88%EC%B0%A8%EC%B2%98%EB%A6%AC%EC%A7%80%EC%B9%A8(%EC%9E%AC%EB%AF%BC2004-3)\/(1939,20251223)\" target=\"_blank\" rel=\"nofollow noopener\">Auction Procedure Guidelines for Real Estate, etc. Article 3(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b30f1a9 elementor-widget elementor-widget-heading\" data-id=\"b30f1a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2463 Conduct of Bidding<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cdcc717 elementor-widget elementor-widget-text-editor\" data-id=\"cdcc717\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For <strong>date-specific bidding<\/strong>, the bidder attends court on the designated date, prepares a bid form, and submits it along with the bid deposit to the enforcement officer (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 103(3)<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C62%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 62(1)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C64%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 64<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9931eb elementor-widget elementor-widget-text-editor\" data-id=\"c9931eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For <strong>period bidding<\/strong>, the bidder prepares the bid form within the designated period, places it in an envelope together with the deposit, seals it, writes the sale date on the envelope, and submits it to the enforcement officer or sends it by registered mail (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C103%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 103(3)<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C69%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 69<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C70%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 70<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b97063 elementor-widget elementor-widget-heading\" data-id=\"6b97063\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2464 Closing of Bidding<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ecf167a elementor-widget elementor-widget-text-editor\" data-id=\"ecf167a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When bidding closes, the enforcement officer opens the bid forms in the presence of bidders (or, if none, a person deemed appropriate) (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C65%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 65(2)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C71%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 71<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-41fbee0 elementor-widget elementor-widget-text-editor\" data-id=\"41fbee0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If there is a highest bidder, the enforcement officer announces the name and price of the highest bidder, calls for secondary bids, and if a valid secondary bidder exists, announces their name and price, then <strong>declares the sale date concluded<\/strong> (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C115%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 115(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59c534d elementor-widget elementor-widget-text-editor\" data-id=\"59c534d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Other bidders are released from their purchase obligations and may immediately request the return of their bid deposits (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C115%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 115(3)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8be9632 elementor-widget elementor-widget-heading\" data-id=\"8be9632\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">6. Rights Extinguished or Assumed<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-efbd58b elementor-widget elementor-widget-text-editor\" data-id=\"efbd58b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Rights that may be extinguished or assumed include mortgages, seizures, provisional seizures, superficies, easements, leasehold rights, registered leasehold rights, liens, and graveyard rights.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ad0121 elementor-widget elementor-widget-heading\" data-id=\"4ad0121\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Mortgage and Root Mortgage<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5cfe50 elementor-widget elementor-widget-text-editor\" data-id=\"d5cfe50\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>mortgage<\/strong> refers to the right to receive preferential repayment of one&#8217;s claim over other creditors with respect to real property provided as collateral by a debtor or a third party without transfer of possession (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C356%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 356<\/a>). A <strong>root mortgage<\/strong> refers to a right that, in order to secure multiple unspecified claims that may arise in the future from a continuing transaction relationship, stipulates only the maximum amount of the debt to be secured and covers claims determined in the future within that limit (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C357%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 357<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1606334 elementor-widget elementor-widget-text-editor\" data-id=\"1606334\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>mortgage or root mortgage registered against an auctioned property serves as the baseline extinguishment right<\/strong> and is extinguished upon the purchaser&#8217;s acquisition. Furthermore, superficies, easements, lease on a deposit basis, registered leasehold rights, attachments, provisional attachments, and provisional registration security interests established after the registration of the mortgage or root mortgage are all junior rights established after the baseline extinguishment right and are therefore all extinguished. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (2),(3)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b8f6a19 elementor-widget elementor-widget-heading\" data-id=\"b8f6a19\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Attachment and Provisional Attachment<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b800d2b elementor-widget elementor-widget-text-editor\" data-id=\"b800d2b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>An <strong>attachment<\/strong> refers to the prohibition imposed by the executing court on a debtor&#8217;s disposition of property, based on a final judgment or other title of execution, in order to secure the enforcement of a claim (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C24%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Articles 24<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C83%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Articles 83<\/a>, and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C223%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Articles 223<\/a>). A <strong>provisional attachment<\/strong> refers to the pre-emptive attachment of a debtor&#8217;s property concerning a monetary claim or a claim convertible into money, for the purpose of preserving future enforcement, so as to prevent the debtor from disposing of the property. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C276%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 276<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98730b9 elementor-widget elementor-widget-text-editor\" data-id=\"98730b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>An <strong>attachment or provisional attachment registered against an auctioned property serves as the baseline extinguishment right<\/strong> and is extinguished upon the purchaser&#8217;s acquisition. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (3),(4)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-778b4b9 elementor-widget elementor-widget-heading\" data-id=\"778b4b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2462 Superficies and Easement<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e42b235 elementor-widget elementor-widget-text-editor\" data-id=\"e42b235\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>superficies<\/strong> refers to the right to use another person&#8217;s land for the purpose of owning a building, other structure, or trees on that land (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C279%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 279<\/a>). An <strong>easement<\/strong> refers to the right to use another person&#8217;s land for the benefit of one&#8217;s own land for a specific purpose, such as a prohibition on construction to secure access or sunlight. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C291%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 291<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddfd1b1 elementor-widget elementor-widget-text-editor\" data-id=\"ddfd1b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Superficies and easements registered against an auctioned property may either be extinguished or assumed by the purchaser upon acquisition. <strong>Superficies and easements established after the registration of the baseline extinguishment right \u2014 namely the mortgage and attachment \u2014 are extinguished<\/strong>, whereas those established prior to such registration are assumed by the purchaser. However, where a statutory superficies exists, it is unconditionally assumed by the purchaser regardless of the time of its establishment, and caution is therefore required. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (3),(4)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-924d208 elementor-widget elementor-widget-heading\" data-id=\"924d208\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2463 Lease on a Deposit Basis<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b4a401 elementor-widget elementor-widget-text-editor\" data-id=\"7b4a401\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Lease on a deposit basis<\/strong> refers to the right to occupy another person&#8217;s real property by paying a deposit, to use and derive profit from that property in accordance with its purpose, and to receive preferential repayment of the deposit from the entirety of that property over junior right holders and other creditors. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C303%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 303<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8258dbf elementor-widget elementor-widget-text-editor\" data-id=\"8258dbf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A lease on a deposit basis registered against an auctioned property may either be extinguished or assumed by the purchaser upon acquisition. A <strong>lease on a deposit basis established after the registration of the baseline extinguishment right \u2014 namely the mortgage and attachment \u2014 is extinguished<\/strong>, whereas one established prior to such registration is assumed by the purchaser. However, if the lease on a deposit basis holder files a claim for distribution, the right is extinguished and is not assumed by the purchaser. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (3),(4)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d123c60 elementor-widget elementor-widget-heading\" data-id=\"d123c60\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2464 Registered Leasehold Rights<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-157746b elementor-widget elementor-widget-text-editor\" data-id=\"157746b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>leasehold right<\/strong> refers to the right of a lessee, based on a lease agreement, to pay rent and use and derive profit from the leased object. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C618%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 618<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0467c20 elementor-widget elementor-widget-text-editor\" data-id=\"0467c20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A leasehold right registered against an auctioned property may either be extinguished or assumed by the purchaser upon acquisition. <strong>A leasehold right registered after the establishment of the baseline extinguishment right<\/strong> \u2014 namely the mortgage and attachment \u2014 is extinguished, whereas one registered prior thereto is assumed by the purchaser. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (3),(4)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc4c2d9 elementor-widget elementor-widget-heading\" data-id=\"cc4c2d9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2465 Unregistered Leasehold Rights<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e1d0618 elementor-widget elementor-widget-text-editor\" data-id=\"e1d0618\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>leasehold right that satisfies the requirements for both opposability and priority repayment<\/strong> is effective against third parties even without registration. Such a leasehold right may either be extinguished or assumed by the purchaser upon the purchaser&#8217;s acquisition.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de72156 elementor-widget elementor-widget-text-editor\" data-id=\"de72156\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"text-decoration: underline;\">Where a lessee with both opposability and priority repayment rights exercises the right to demand distribution and receives full repayment of the deposit, the leasehold right is extinguished; in all other cases, it is assumed by the purchaser.<\/span> For example, if a lessee with both opposability and priority repayment rights does not file a claim for distribution, or files such a claim but receives only partial repayment, the deposit has not been fully repaid and the leasehold right is therefore assumed by the purchaser. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%A3%BC%ED%83%9D%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0%EC%9D%982\" target=\"_blank\" rel=\"nofollow noopener\">Housing Lease Protection Act, Article 3-2, (2)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%A3%BC%ED%83%9D%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0%EC%9D%985\" target=\"_blank\" rel=\"nofollow noopener\">Housing Lease Protection Act, Article 3-5<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%83%81%EA%B0%80%EA%B1%B4%EB%AC%BC%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C5%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Commercial Building Lease Protection Act, Article 5, (2)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%83%81%EA%B0%80%EA%B1%B4%EB%AC%BC%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C8%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Commercial Building Lease Protection Act, Article 8<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f816c90 elementor-widget elementor-widget-text-editor\" data-id=\"f816c90\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>However, where there is a root mortgage senior to a lessee who satisfies the opposability requirements under Article 3 of the Housing Lease Protection Act, if that senior root mortgage is extinguished upon successful bid, the junior leasehold right also loses its opposability. (<a href=\"https:\/\/www.law.go.kr\/%ED%8C%90%EB%A1%80\/%EC%86%90%ED%95%B4%EB%B0%B0%EC%83%81(%EA%B8%B0)\/(2002%EB%8B%A470075)\" target=\"_blank\" rel=\"nofollow noopener\">Supreme Court, April 25, 2003, 4. 25. Decision 2002da70075<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1c81424 elementor-widget elementor-widget-text-editor\" data-id=\"1c81424\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Meanwhile, <strong>a leasehold right that satisfies only the requirements for opposability, without priority repayment rights, is assumed by the purchaser<\/strong>. That is, where only the requirements for opposability are met, there is no right of priority repayment \u2014 which is the prerequisite for exercising the right to demand distribution \u2014 and therefore the deposit cannot be recovered through a distribution claim. Accordingly, since the deposit has not been repaid in such cases, the leasehold right is assumed by the purchaser. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C88%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 88, (1)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%A3%BC%ED%83%9D%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0%EC%9D%985\" target=\"_blank\" rel=\"nofollow noopener\">Housing Lease Protection Act, Article 3-5<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%83%81%EA%B0%80%EA%B1%B4%EB%AC%BC%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C8%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Commercial Building Lease Protection Act, Article 8<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c396865 elementor-widget elementor-widget-text-editor\" data-id=\"c396865\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div style=\"margin-bottom: 5px;\"><strong>Opposability<\/strong>: The legal basis by which a lessee may assert the terms of the lease against third parties (here, the purchaser). Opposability takes effect against third parties from the day following the delivery of the dwelling (or, in the case of commercial buildings, delivery of the building) and completion of resident registration (or, in the case of commercial buildings, business registration), without the need for separate registration. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%A3%BC%ED%83%9D%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Housing Lease Protection Act, Article 3, (1)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%83%81%EA%B0%80%EA%B1%B4%EB%AC%BC%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Commercial Building Lease Protection Act, Article 3, (1)<\/a>)<\/div><p><strong>Priority Repayment Right<\/strong>: The right to receive repayment of the lease deposit from the sale proceeds (successful bid price) in priority over other junior right holders, when the leased dwelling or commercial building is subject to auction under the Civil Execution Act or public sale under the National Tax Collection Act. Priority repayment rights take effect when the lessee has satisfied the requirements for opposability and obtained a fixed date stamp. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%A3%BC%ED%83%9D%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C3%EC%A1%B0%EC%9D%982\" target=\"_blank\" rel=\"nofollow noopener\">Housing Lease Protection Act, Article 3-2, (2)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%83%81%EA%B0%80%EA%B1%B4%EB%AC%BC%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%ED%98%B8%EB%B2%95\/(20260102,21065,20251001)\/%EC%A0%9C5%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Commercial Building Lease Protection Act, Article 5, (2)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0b48e7 elementor-widget elementor-widget-heading\" data-id=\"d0b48e7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2466 Provisional Registration<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-29be5fa elementor-widget elementor-widget-text-editor\" data-id=\"29be5fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Provisional registration<\/strong> refers to either a <strong>security provisional registration<\/strong> \u2014 made where the substantive or procedural requirements for a final registration have not yet been met, or to preserve a claim for the establishment, transfer, modification, or extinguishment of a right \u2014 or a <strong>priority-preserving provisional registration<\/strong>, which has the effect of preserving the priority ranking in advance for a final registration where the relevant claim is conditional, time-limited, or to be determined in the future. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%B6%80%EB%8F%99%EC%82%B0%EB%93%B1%EA%B8%B0%EB%B2%95\/(20250131,20435,20240920)\/%EC%A0%9C88%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Real Estate Registration Act, Articles 88<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%B6%80%EB%8F%99%EC%82%B0%EB%93%B1%EA%B8%B0%EB%B2%95\/(20250131,20435,20240920)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Real Estate Registration Act, and 91<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a92ed9f elementor-widget elementor-widget-text-editor\" data-id=\"a92ed9f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <span style=\"text-decoration: underline;\">security provisional registration established against an auctioned property is extinguished upon the purchaser&#8217;s acquisition<\/span>. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EA%B0%80%EB%93%B1%EA%B8%B0%EB%8B%B4%EB%B3%B4%EB%93%B1%EC%97%90%EA%B4%80%ED%95%9C%EB%B2%95%EB%A5%A0\/(20170328,14474,20161227)\/%EC%A0%9C15%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Provisional Registration Security Act, Article 15<\/a>) However, a <span style=\"text-decoration: underline;\">priority-preserving provisional registration established prior to the baseline extinguishment right is not extinguished and is assumed by the purchaser<\/span>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73ccf8a elementor-widget elementor-widget-heading\" data-id=\"73ccf8a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2467 Provisional Disposition<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42550cf elementor-widget elementor-widget-text-editor\" data-id=\"42550cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>provisional disposition<\/strong> refers to either an order prohibiting changes to the current state of a disputed object \u2014 where, if that state were to change, a party would be unable to enforce their rights or it would be extremely difficult to do so \u2014 or an order establishing a temporary status with respect to a disputed legal relationship. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C300%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 300<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-00287e4 elementor-widget elementor-widget-text-editor\" data-id=\"00287e4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A provisional disposition registered against an auctioned property may either be extinguished or assumed by the purchaser. Where a provisional disposition was established prior to the baseline extinguishment right, the right is not extinguished and is assumed by the purchaser; conversely, a <strong>provisional disposition established after the baseline extinguishment right is extinguished and not assumed by the purchaser<\/strong>. However, a provisional disposition made by a landowner against the owner of a building on that land \u2014 specifically, a prohibition on disposition placed on the building in connection with a principal action seeking demolition of the building or return of the land \u2014 is unconditionally assumed by the purchaser regardless of the time of its establishment, and caution is therefore required.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fea7069 elementor-widget elementor-widget-heading\" data-id=\"fea7069\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2468 Lien<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbc5b2e elementor-widget elementor-widget-text-editor\" data-id=\"dbc5b2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>lien<\/strong> refers to the right of a person in possession of another&#8217;s property or negotiable instrument to retain that property or instrument until a claim arising in connection with it has been repaid, where that claim has become due. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C320%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 320, (1)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-12eef96 elementor-widget elementor-widget-text-editor\" data-id=\"12eef96\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>A lien established against an auctioned property is assumed by the purchaser regardless of registration priority<\/strong>. (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C91%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 91, (5)<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-04d5179 elementor-widget elementor-widget-heading\" data-id=\"04d5179\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2469 Statutory Superficies and Grave Site Rights<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9445679 elementor-widget elementor-widget-text-editor\" data-id=\"9445679\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A <strong>statutory superficies<\/strong> refers to the right of a building owner to use the land where the land and the building situated thereon belong to different owners (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C305%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 305, (1)<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EB%B2%95\/(20260101,20432,20240920)\/%EC%A0%9C366%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Act, Article 366<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EA%B0%80%EB%93%B1%EA%B8%B0%EB%8B%B4%EB%B3%B4%EB%93%B1%EC%97%90%EA%B4%80%ED%95%9C%EB%B2%95%EB%A5%A0\/(20170328,14474,20161227)\/%EC%A0%9C10%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Provisional Registration Security Act, Article 10<\/a>; <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EC%9E%85%EB%AA%A9%EC%97%90%EA%B4%80%ED%95%9C%EB%B2%95%EB%A5%A0\/(20250131,20435,20240920)\/%EC%A0%9C6%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Timber Act, Article 6, (1)<\/a>). A <strong>grave site right<\/strong> refers to the right to use another person&#8217;s land to the extent necessary to achieve the purpose of maintaining and conducting ancestral rites for a grave. (<a href=\"https:\/\/www.law.go.kr\/%ED%8C%90%EB%A1%80\/%EC%9E%84%EB%8C%80%EC%B0%A8%EB%B3%B4%EC%A6%9D%EA%B8%88\/(2001%EB%8B%A428367)\" target=\"_blank\" rel=\"nofollow noopener\">Supreme Court, August 21, 2001, 8. 21. Decision 2001da28367<\/a>)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37926f5 elementor-widget elementor-widget-text-editor\" data-id=\"37926f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Statutory superficies and grave site rights established against an auctioned property are assumed by the purchaser regardless of registration priority<\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b7d9bc elementor-widget elementor-widget-text-editor\" data-id=\"7b7d9bc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><i class=\"fa-regular fa-hand-point-up\" style=\"color: #c00000;\"><\/i> In general, because a mortgage or root mortgage securing a loan holds the highest priority, most other rights are extinguished in court auction proceedings. However, leasehold rights with opposability, liens, statutory superficies, and grave site rights are not automatically extinguished.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4aef04 elementor-widget elementor-widget-heading\" data-id=\"e4aef04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">7. Court Decision on Sale Approval<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0fb58a9 elementor-widget elementor-widget-text-editor\" data-id=\"0fb58a9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Once the highest bidder is determined, the court holds a <strong>decision hearing<\/strong>, hears opinions of interested parties, and determines whether grounds exist to <strong>approve<\/strong> or <strong>deny<\/strong> the sale (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C120%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 120<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C123%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 123<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7139e9d elementor-widget elementor-widget-text-editor\" data-id=\"7139e9d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Interested parties suffering damage may file an immediate appeal. The bidder may also appeal if the approval lacks justification or should be granted under different conditions (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C129%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 129<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d23bd7d elementor-widget elementor-widget-heading\" data-id=\"d23bd7d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">8. Payment of Sale Price and Acquisition of Rights<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e4ac05c elementor-widget elementor-widget-heading\" data-id=\"e4ac05c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2460 Payment of Sale Price<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d23fa55 elementor-widget elementor-widget-text-editor\" data-id=\"d23fa55\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Upon finalization of sale approval, the purchaser must <span style=\"text-decoration: underline;\">pay the sale price within the deadline<\/span> set by the court (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C142%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Article 142<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C78%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules Article 78<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ccfa78 elementor-widget elementor-widget-text-editor\" data-id=\"9ccfa78\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Failure to pay results in resale or approval of the next highest bidder, and the deposit is forfeited (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C137%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act Articles 137<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C138%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act 138(1),(4)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2c22a3 elementor-widget elementor-widget-text-editor\" data-id=\"b2c22a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>However, even after resale is ordered, <span style=\"text-decoration: underline;\">the purchaser may cancel resale by paying: 1) the sale price, 2) interest at 12% per annum from the due date, and 3) procedural costs,<\/span>within three days before the resale date (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C138%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules, Article 138(3)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EA%B7%9C%EC%B9%99\/(20250712,03217,20250626)\/%EC%A0%9C75%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Rules, Article 75<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-556689e elementor-widget elementor-widget-heading\" data-id=\"556689e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-default\">\u2461 Acquisition of Rights<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71b00e8 elementor-widget elementor-widget-text-editor\" data-id=\"71b00e8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The purchaser acquires rights upon full payment (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C135%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 135<\/a>). <strong>Ownership is transferred<\/strong>, and <strong>non-assumed rights and the auction commencement registration are extinguished<\/strong> (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C144%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 144(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf6468d elementor-widget elementor-widget-text-editor\" data-id=\"bf6468d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If the property is not vacated, the purchaser may apply for a <strong>delivery order<\/strong> <span style=\"text-decoration: underline;\">within six months<\/span>, unless the occupant has a legally enforceable right (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C136%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 136(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a7d953 elementor-widget elementor-widget-heading\" data-id=\"0a7d953\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">9. Distribution to Creditors<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8f0c28f elementor-widget elementor-widget-text-editor\" data-id=\"8f0c28f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After payment, <span style=\"text-decoration: underline;\">the court sets a distribution date and notifies interested parties and creditors<\/span> (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C146%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 146<\/a>). A draft distribution schedule is prepared and made available three days in advance (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C149%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 149(1)<\/a> and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C150%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 150(1)<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-021afd9 elementor-widget elementor-widget-text-editor\" data-id=\"021afd9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>On the distribution date, the schedule is finalized after hearing interested parties, and distribution is executed accordingly (<a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C149%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 149(2)<\/a>, <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C150%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 150(2)<\/a>, and <a href=\"https:\/\/www.law.go.kr\/%EB%B2%95%EB%A0%B9\/%EB%AF%BC%EC%82%AC%EC%A7%91%ED%96%89%EB%B2%95\/(20260201,20733,20250131)\/%EC%A0%9C159%EC%A1%B0\" target=\"_blank\" rel=\"nofollow noopener\">Civil Execution Act, Article 159<\/a>).<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2aa89cf elementor-widget elementor-widget-text-editor\" data-id=\"2aa89cf\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u203b This content is excerpted from the <a href=\"https:\/\/easylaw.go.kr\/CSP\/CnpClsMain.laf?popMenu=ov&amp;csmSeq=306&amp;ccfNo=1&amp;cciNo=1&amp;cnpClsNo=1\" target=\"_blank\" rel=\"nofollow noopener\">Real Estate Auction section of Easy-to-Find Living Law Information &gt;<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a576c8e elementor-widget__width-inherit elementor-widget elementor-widget-button\" data-id=\"a576c8e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.onbid.co.kr\/op\/guid\/guidpage\/GuidPageController\/mvmnBid.do\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg aria-hidden=\"true\" class=\"e-font-icon-svg e-far-arrow-alt-circle-right\" viewBox=\"0 0 512 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M504 256C504 119 393 8 256 8S8 119 8 256s111 248 248 248 248-111 248-248zm-448 0c0-110.5 89.5-200 200-200s200 89.5 200 200-89.5 200-200 200S56 366.5 56 256zm72 20v-40c0-6.6 5.4-12 12-12h116v-67c0-10.7 12.9-16 20.5-8.5l99 99c4.7 4.7 4.7 12.3 0 17l-99 99c-7.6 7.6-20.5 2.2-20.5-8.5v-67H140c-6.6 0-12-5.4-12-12z\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Bidding Guide for Public Auctions via OnBid (OnBid Website)<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":7650,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-7651","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/pages\/7651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/comments?post=7651"}],"version-history":[{"count":0,"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/pages\/7651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/media\/7650"}],"wp:attachment":[{"href":"https:\/\/rebounder.lobin.co\/en\/wp-json\/wp\/v2\/media?parent=7651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}