The Tokyo District Court said Wednesday that the second round of bids for the Tokyo headquarters of a pro-North Korean group will be held from Oct. 3 to 10.
The successful bidder for the 2,387-sq.-meter plot and 10-story building that serves as the headquarters of the General Association of Korean Residents in Japan (Chongryon) in Chiyoda Ward will be determined Oct. 22. Chongryon serves as North Korea’s de facto diplomatic mission in Japan in the absence of formal relations between the two countries.
Saifuku Temple in the city of Kagoshima cannot participate in the second round despite winning the first auction in March, because it failed to finance the ¥4.5 billion purchase by the deadline.
The court decided in July 2012 to auction Chongryon’s headquarters for cash because Chongryon owes the government-backed Resolution and Collection Corp. about ¥62.7 billion.
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