{"id":233,"date":"2026-06-30T13:25:17","date_gmt":"2026-06-30T04:25:17","guid":{"rendered":"https:\/\/zibex.kr\/en-proxy-bidding\/"},"modified":"2026-06-30T13:25:17","modified_gmt":"2026-06-30T04:25:17","slug":"en-proxy-bidding","status":"publish","type":"page","link":"https:\/\/zibex.kr\/en\/en-proxy-bidding\/","title":{"rendered":"Proxy Bidding \u2014 ZIBEX (EN)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"233\" class=\"elementor elementor-233\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8f09775 elementor-section-full_width elementor-section-stretched elementor-section-height-default elementor-section-height-default\" data-id=\"8f09775\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container 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var(--line);border-radius:var(--r-card);padding:18px 20px;box-shadow:var(--shadow-card);transition:.16s}.zbx .rel a:hover{box-shadow:var(--shadow);transform:translateY(-2px)}.zbx .rel .t{font-family:var(--f-mono);font-size:11px;color:var(--accent);letter-spacing:.08em}.zbx .rel h4{font-size:15px;margin:6px 0 0}.zbx .rel .lk{color:var(--accent);font-weight:700;font-size:13px;margin-top:8px;display:inline-block}\n\/* cta band *\/\n.zbx .cta-band{background:var(--ink);border-radius:var(--r-card);padding:48px;text-align:center;color:#fff;position:relative;overflow:hidden}.zbx .cta-band::after{content:\"\";position:absolute;inset:0;background:radial-gradient(60% 80% at 85% 0%,rgba(245,158,11,.18),transparent 60%)}.zbx .cta-band>*{position:relative;z-index:1}.zbx .cta-band h2{color:#fff;margin-bottom:10px}.zbx .cta-band .eyebrow{color:var(--highlight)}.zbx .cta-band .lead{color:#94A3B8;margin:0 auto 22px;max-width:60ch}\n@media(max-width:860px){.zbx .g2,.zbx .g3,.zbx .rel{grid-template-columns:1fr}.zbx .section{padding:46px 0}.zbx .cta-band{padding:32px 20px}.zbx .ctable{font-size:13px;display:block;overflow-x:auto;-webkit-overflow-scrolling:touch}.zbx .ctable th,.zbx .ctable td{padding:10px 11px}}\n<\/style>\n<div class=\"zbx\">\n<section class=\"hero\"><img decoding=\"async\" class=\"hero-bg\" src=\"https:\/\/images.unsplash.com\/photo-1521791136064-7986c2920216?q=80&w=1920&auto=format&fit=crop\" alt=\"\" onerror=\"this.style.display='none'\"><div class=\"hero-overlay\"><\/div>\n <div class=\"inner\"><div class=\"container\"><div style=\"max-width:880px\">\n  <p class=\"eyebrow\">Key service \u00b7 \uacbd\ub9e4 \ub300\ud589<\/p><h1 class=\"h-hero\">Proxy Bidding at Korean court auctions<\/h1>\n  <p id=\"geo-key\" class=\"sub\">Proxy bidding means ZIBEX attends the Korean court auction in person and bids on your behalf, within a maximum bid you approve \u2014 so you can buy without being in Korea or speaking Korean.<\/p>\n  <div class=\"trust\"><span class=\"ti\"><b>In English<\/b> \u00b7 documents &amp; updates<\/span><span class=\"ti\"><b>Remote<\/b> \u00b7 no travel required<\/span><span class=\"ti\"><b>By<\/b> Benediction Inc.<\/span><\/div>\n  <div style=\"margin-top:26px\"><a class=\"btn btn-cta btn-lg\" href=\"https:\/\/zibex.kr\/en-book\/\">Book a free consultation <span class=\"ar\">\u2192<\/span><\/a><\/div>\n <\/div><\/div><\/div><\/section>\n\n<section class=\"section\"><div class=\"container\">\n <div class=\"tldr\"><b>TL;DR.<\/b><ul><li>Korean auctions are won at a single in-person event, in Korean, on a fixed date \u2014 the practical barrier for foreign buyers.<\/li><li>Due diligence sets a hard maximum bid that you approve; we never bid above it.<\/li><li>The bid deposit (commonly 10% of the minimum price) is returned by the court if you don't win.<\/li><li>You get the result the same day \u2014 and a clear path into balance payment and handover.<\/li><\/ul><\/div>\n<\/div><\/section>\n\n\n<section class=\"section\"><div class=\"container prose\">\n <p class=\"eyebrow\">Overview<\/p>\n <h2>What proxy bidding is \u2014 and why it exists<\/h2>\n <p class=\"def-lead\"><b>Proxy bidding is ZIBEX attending the Korean court auction in person and placing your bid for you, within a maximum you approve in advance \u2014 so you can win a property without being in Korea, speaking Korean, or taking the day off to stand at a courthouse.<\/b><\/p>\n <p>Korean court auctions are won on a single in-person event. Miss the deadline, the format, or a document, and you simply can't bid. Proxy bidding removes that barrier: after due diligence sets your hard ceiling, we prepare the deposit and paperwork, attend the sale, and bid within your limit \u2014 then report the result the same day.<\/p>\n<\/div><\/section>\n\n<section class=\"section soft\"><div class=\"container wide\">\n <div class=\"section-head\"><p class=\"eyebrow\">Why it's needed<\/p><h2 class=\"h-1\">Doing it yourself vs. proxy bidding<\/h2><p class=\"lead\" style=\"margin-top:8px\">The barrier for foreign buyers is practical, not legal. Here's the gap proxy bidding closes.<\/p><\/div>\n <table class=\"ctable\"><thead><tr><th>Step<\/th><th>On your own<\/th><th>With ZIBEX proxy bidding<\/th><\/tr><\/thead><tbody>\n  <tr><td>Be at the court<\/td><td>Attend in person on a fixed date<\/td><td>We attend for you<\/td><\/tr>\n  <tr><td>Language<\/td><td>Forms &amp; process in Korean<\/td><td>Handled in Korean; you work in English<\/td><\/tr>\n  <tr><td>Bid deposit<\/td><td>Prepare a cashier's check (\ubcf4\uc99d\uae08) yourself<\/td><td>We prepare and lodge it under your mandate<\/td><\/tr>\n  <tr><td>Documents<\/td><td>Power of attorney, ID, seals<\/td><td>We tell you exactly what to sign<\/td><\/tr>\n  <tr><td>Bid discipline<\/td><td>Easy to overpay in the room<\/td><td>We never exceed your approved maximum<\/td><\/tr>\n  <tr><td>If you lose<\/td><td>Reclaim the deposit yourself<\/td><td>Deposit returned per court rules; on to the next target<\/td><\/tr>\n <\/tbody><\/table>\n<\/div><\/section>\n\n<section class=\"section\"><div class=\"container\">\n <div class=\"section-head\"><p class=\"eyebrow\">The number that matters<\/p><h2 class=\"h-1\">How your maximum bid is set<\/h2><p class=\"lead\" style=\"margin-top:8px\">A win is only a good win below a price that leaves you safe. We set that ceiling before the sale \u2014 and never cross it.<\/p><\/div>\n <div class=\"g3\">\n  <div class=\"card\"><span class=\"k\">Rights analysis<\/span><h4>\uad8c\ub9ac\ubd84\uc11d<\/h4><p>Which rights and debts survive the sale, and which are erased \u2014 this decides whether a lot is safe at all.<\/p><\/div>\n  <div class=\"card\"><span class=\"k\">Valuation<\/span><h4>Real value, not appraisal<\/h4><p>We price against recent actual transactions, not just the court's appraised value.<\/p><\/div>\n  <div class=\"card\"><span class=\"k\">Costs &amp; risk<\/span><h4>All-in math<\/h4><p>Acquisition tax, eviction, repairs and time are subtracted to protect your margin.<\/p><\/div>\n <\/div>\n <div class=\"callout\" style=\"margin-top:16px\"><b>You approve the ceiling.<\/b> The maximum bid is yours to sign off. On the day, we bid up to it and stop \u2014 a disciplined pass beats overpaying.<\/div>\n<\/div><\/section>\n\n<section class=\"section soft\"><div class=\"container\">\n <div class=\"section-head\"><p class=\"eyebrow\">Your money<\/p><h2 class=\"h-1\">Deposit &amp; safeguards<\/h2><\/div>\n <div class=\"g2\">\n  <div><ul class=\"check\">\n   <li>The bid deposit is typically <b>10% of the minimum price<\/b>, lodged for that sale only.<\/li>\n   <li>We bid strictly within the <b>maximum you authorised<\/b> \u2014 never above it.<\/li>\n   <li>If we don't win, the deposit is <b>returned per the court's rules<\/b>.<\/li>\n   <li>If we win, it counts toward the price; the balance is paid by the court's deadline.<\/li>\n  <\/ul><\/div>\n  <div class=\"panel\"><h4>What you get<\/h4><ul>\n   <li><span class=\"k\">&rarr;<\/span> A pre-approved maximum bid you control<\/li>\n   <li><span class=\"k\">&rarr;<\/span> Deposit &amp; documents prepared for you<\/li>\n   <li><span class=\"k\">&rarr;<\/span> In-person bidding at the court on the date<\/li>\n   <li><span class=\"k\">&rarr;<\/span> Same-day result and next steps<\/li>\n   <li><span class=\"k\">&rarr;<\/span> A clear path into balance payment &amp; handover<\/li>\n  <\/ul><\/div>\n <\/div>\n<\/div><\/section>\n\n<section class=\"section\"><div class=\"container prose\">\n <p class=\"eyebrow\">Costs &amp; timeline<\/p>\n <h2>Fees and how long it takes<\/h2>\n <p>Timing follows the court calendar: once a target is chosen and due diligence is done, bidding happens on that lot's scheduled sale date. If you win, the balance is due by the court's payment deadline (commonly within about a month).<\/p>\n <div class=\"needs-input\"><b>OWNER \u2014 confirm before launch:<\/b> the proxy-bidding fee model (flat, %, or success-based) and whether to publish an indicative range or keep \"quoted in writing\". Confirm the bid-deposit percentage wording for your typical courts.<\/div>\n<\/div><\/section>\n\n\n<section class=\"section soft\"><div class=\"container\">\n <div class=\"section-head\"><p class=\"eyebrow\">Step by step<\/p><h2 class=\"h-1\">How proxy bidding works<\/h2><\/div>\n <div class=\"steps\"><div class=\"step\"><h4>Mandate &amp; power of attorney<\/h4><p>You authorise ZIBEX to bid for you with a power of attorney (\uc704\uc784\uc7a5).<\/p><\/div><div class=\"step\"><h4>Due diligence sets the ceiling<\/h4><p>Rights analysis (\uad8c\ub9ac\ubd84\uc11d) and valuation produce a hard maximum bid that you approve.<\/p><\/div><div class=\"step\"><h4>Prepare deposit &amp; documents<\/h4><p>We prepare the bid deposit (\uc785\ucc30\ubcf4\uc99d\uae08) and the paperwork for the sale.<\/p><\/div><div class=\"step\"><h4>Attend the court &amp; bid<\/h4><p>On the sale date we submit the bid form (\uc785\ucc30\ud45c) at the date auction (\uae30\uc77c\uc785\ucc30), within your limit.<\/p><\/div><div class=\"step\"><h4>Same-day result<\/h4><p>Win &rarr; sale-permission decision (\ub9e4\uac01\ud5c8\uac00\uacb0\uc815) and next steps; lose &rarr; the deposit is returned.<\/p><\/div><div class=\"step\"><h4>Balance &amp; handover<\/h4><p>If you win, the balance is paid by the deadline (\ub300\uae08\uc9c0\uae09\uae30\ud55c); we move into title, tax and handover.<\/p><\/div><\/div>\n<\/div><\/section>\n\n<section class=\"section\"><div class=\"container\">\n <div class=\"section-head\"><p class=\"eyebrow\">Glossary<\/p><h2 class=\"h-1\">Key terms, in plain English<\/h2><\/div>\n <div class=\"gloss\"><div class=\"gterm\"><b>\uae30\uc77c\uc785\ucc30 (date auction)<\/b> \u2014 <span>The standard Korean court-auction format: sealed bids submitted in person on a set date.<\/span><\/div><div class=\"gterm\"><b>\uc785\ucc30\ubcf4\uc99d\uae08 (bid deposit)<\/b> \u2014 <span>The deposit a bidder lodges to take part \u2014 commonly 10% of the minimum price.<\/span><\/div><div class=\"gterm\"><b>\uc785\ucc30\ud45c (bid form)<\/b> \u2014 <span>The form on which the bid amount and bidder details are submitted at the court.<\/span><\/div><div class=\"gterm\"><b>\uad8c\ub9ac\ubd84\uc11d (rights analysis)<\/b> \u2014 <span>The check of which rights and debts on a property survive the sale and which are erased.<\/span><\/div><div class=\"gterm\"><b>\ub9e4\uac01\ud5c8\uac00\uacb0\uc815<\/b> \u2014 <span>The court's decision confirming the sale to the winning bidder.<\/span><\/div><div class=\"gterm\"><b>\ub300\uae08\uc9c0\uae09\uae30\ud55c<\/b> \u2014 <span>The deadline by which the winning bidder must pay the remaining balance.<\/span><\/div><div class=\"gterm\"><b>\uc704\uc784\uc7a5 (power of attorney)<\/b> \u2014 <span>The mandate authorising ZIBEX to bid and act on your behalf.<\/span><\/div><\/div>\n<\/div><\/section>\n\n<section class=\"section soft\"><div class=\"container\">\n <div class=\"section-head center\"><p class=\"eyebrow\">FAQ<\/p><h2 class=\"h-1\">Proxy Bidding, answered<\/h2><\/div>\n <div class=\"faq\"><details open><summary>Can you bid for me if I can't attend the auction?<\/summary><p>Yes \u2014 that's the point. Korean court auctions are in person, in Korean, on fixed dates. Under a power of attorney you sign, we prepare the deposit and documents and bid on your behalf within a maximum you approve.<\/p><\/details><details><summary>How is the maximum bid decided?<\/summary><p>From due diligence: rights analysis (\uad8c\ub9ac\ubd84\uc11d), a valuation against recent real transactions, and all-in costs and risk. That produces a hard ceiling \u2014 and you approve it before we bid.<\/p><\/details><details><summary>Is my deposit safe when ZIBEX bids?<\/summary><p>The bid deposit follows the court's process and your mandate. We never bid above your approved maximum, and if we don't win, the court returns the deposit under its rules.<\/p><\/details><details><summary>What happens if we don't win the auction?<\/summary><p>The deposit comes back per court rules and we move to the next target on your shortlist. We'd rather pass with discipline than overpay to win.<\/p><\/details><details><summary>Do I need to travel to Korea?<\/summary><p>No. From approving the bid to handover, the process is handled remotely. We attend the in-person auction so you don't have to.<\/p><\/details><details><summary>How fast do I get the result?<\/summary><p>Korean date auctions resolve on the day \u2014 you get the outcome the same day, with the immediate next steps if you've won.<\/p><\/details><details><summary>What do you need from me to bid?<\/summary><p>Mainly a signed power of attorney and identity documents, plus your approved maximum bid. We tell you exactly what to sign and when.<\/p><\/details><\/div>\n <p class=\"disclaimer\">This page is general information for foreign investors, not legal or investment advice. Auction procedures, deposit amounts and deadlines are set by the court and can vary by case; figures shown are typical, not guarantees. Auctions carry risk, including loss of principal. ZIBEX runs rights analysis on every lot and bids only within a maximum you approve.<\/p>\n<\/div><\/section>\n\n<section class=\"section\"><div class=\"container\">\n <div class=\"section-head\"><p class=\"eyebrow\">Keep reading<\/p><h2 class=\"h-1\">Related<\/h2><\/div>\n <div class=\"rel\"><a href=\"https:\/\/zibex.kr\/en-eligibility\/\"><div class=\"t\">GUIDE<\/div><h4>Can foreigners buy at auction in Korea?<\/h4><span class=\"lk\">Read \u2192<\/span><\/a><a href=\"https:\/\/zibex.kr\/en-how-it-works\/\"><div class=\"t\">PROCESS<\/div><h4>How it works \u2014 the 6 steps<\/h4><span class=\"lk\">Read \u2192<\/span><\/a><a href=\"https:\/\/zibex.kr\/en-company-setup\/\"><div class=\"t\">SERVICE<\/div><h4>Company Setup \u2014 bid &amp; hold as a foreigner<\/h4><span class=\"lk\">Read \u2192<\/span><\/a><\/div>\n<\/div><\/section>\n\n<section class=\"section\"><div class=\"container\"><div class=\"cta-band\">\n <p class=\"eyebrow\">Start here<\/p><h2 class=\"h-1\">Tell us your goal. We'll map the path.<\/h2>\n <p class=\"lead\">A free 30-minute consultation: what you can buy, a realistic budget, and exactly which steps you need.<\/p>\n <a class=\"btn btn-cta btn-lg\" href=\"https:\/\/zibex.kr\/en-book\/\">Book a free consultation <span class=\"ar\">\u2192<\/span><\/a>\n<\/div><\/div><\/section>\n<\/div>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"Service\",\"name\":\"Proxy Bidding\",\"serviceType\":\"Proxy Bidding\",\"provider\":{\"@id\":\"https:\/\/zibex.kr\/#org\"},\"areaServed\":[\"US\",\"GB\",\"AU\",\"CA\",\"KR\"],\"availableLanguage\":[\"en\",\"ko\"],\"description\":\"Attending Korean court auctions and bidding on a foreign investor's behalf, within an approved maximum bid set by due diligence.\",\"offers\":{\"@type\":\"Offer\",\"priceCurrency\":\"USD\",\"description\":\"Fees quoted in writing before you commit; first 30-minute consultation free.\"}}<\/script>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"WebPage\",\"@id\":\"https:\/\/zibex.kr\/en-proxy-bidding\/#webpage\",\"url\":\"https:\/\/zibex.kr\/en-proxy-bidding\/\",\"name\":\"Proxy Bidding at Korean court auctions\",\"inLanguage\":\"en\",\"isPartOf\":{\"@id\":\"https:\/\/zibex.kr\/#website\"},\"speakable\":{\"@type\":\"SpeakableSpecification\",\"cssSelector\":[\"h1\",\"#geo-key\"]},\"description\":\"Proxy bidding means ZIBEX attends the Korean court auction in person and bids on your behalf, within a maximum bid you approve \u2014 so you can buy without being in Korea or speaking Korean.\"}<\/script>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"HowTo\",\"name\":\"How proxy bidding works\",\"step\":[{\"@type\":\"HowToStep\",\"position\":1,\"name\":\"Mandate &amp; power of attorney\",\"text\":\"You authorise ZIBEX to bid for you with a power of attorney (\uc704\uc784\uc7a5).\"},{\"@type\":\"HowToStep\",\"position\":2,\"name\":\"Due diligence sets the ceiling\",\"text\":\"Rights analysis (\uad8c\ub9ac\ubd84\uc11d) and valuation produce a hard maximum bid that you approve.\"},{\"@type\":\"HowToStep\",\"position\":3,\"name\":\"Prepare deposit &amp; documents\",\"text\":\"We prepare the bid deposit (\uc785\ucc30\ubcf4\uc99d\uae08) and the paperwork for the sale.\"},{\"@type\":\"HowToStep\",\"position\":4,\"name\":\"Attend the court &amp; bid\",\"text\":\"On the sale date we submit the bid form (\uc785\ucc30\ud45c) at the date auction (\uae30\uc77c\uc785\ucc30), within your limit.\"},{\"@type\":\"HowToStep\",\"position\":5,\"name\":\"Same-day result\",\"text\":\"Win &rarr; sale-permission decision (\ub9e4\uac01\ud5c8\uac00\uacb0\uc815) and next steps; lose &rarr; the deposit is returned.\"},{\"@type\":\"HowToStep\",\"position\":6,\"name\":\"Balance &amp; handover\",\"text\":\"If you win, the balance is paid by the deadline (\ub300\uae08\uc9c0\uae09\uae30\ud55c); we move into title, tax and handover.\"}]}<\/script>\n<script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Can you bid for me if I can't attend the auction?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes \u2014 that's the point. 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