Court schedules Oct. 3-10 auction of Chongryon HQ

JIJI

The Tokyo District Court will invite bids from Oct. 3 to 10 for the building and land in Tokyo that was the headquarters of the pro-Pyongyang group Chongryon, after the winner in the previous auction couldn’t come up with the money, sources said Friday.

The winner is to be announced Oct. 22.

In the previous auction in March, Saifukuji, a Buddhist temple in Kagoshima, made a successful bid of ¥4.519 billion for the property held by the group, the General Association of Korean Residents in Japan.

Saifukuji chief abbot Ekan Ikeguchi planned to rent the property to Chongryon after the acquisition. He wanted to take out loans using the property and a Saifukuji-affiliated temple in Fujisawa, Kanagawa Prefecture, as collateral, but the deal never got off the ground.

The main building has 11,700 sq. meters of floor space.