'Deposit' refers to a ‘Security Deposit’ that is used to prevent false bids.
The entire purchase order amount will be set as the deposit and it will be canceled when the order is cancelled.
In addition, the company may restrict the use of auction and market trade if it is deemed to be a market disturbance.
When re-bidding, the deposit will be adjusted based on your new bid. You cannot cancel your bid during the last day of the auction, and you can only make new bids with ‘higher price/quantity’ compared to your previous bid.
Based on the closing time of the auction, the highest bid will win the shares sequentially (according to their bid quantity). If the bid price is the same, the bid that was made earlier shall win.
You can check the current bidding status/progress at the Detail page if the auction song.
‘Winning Bid’ means that your bid is expected to win the auction if no one else is making a higher bid.
‘Winning Bid (Partial, First-come / First-served)’ means that the total quantity of the winning bids (same price range) were higher than the quantity available, so the winning bids will be determined based on a first-come, first-served basis (earlier bid wins).
‘-‘ means that you cannot win the auction unless you make another bid with a higher price.
After the auction is closed, we will send an e-mail and a Kakao notification to those who won the auction.
However, for members who do not use KakaoTalk, we will send the notification via e-mail & text messages.
(SMS/Text messages will only be sent to Korean members)
The deposit will be deducted after the auction is closed.
<Bid Processing Deadline (After Auction is finished)>
10 A.M, 1 day after the end of the auction
You can check your Royalty Rights that you own at 'My Account>My Songs.'
You can check your Bidding History at 'Homepage > My Account > See Auction bids (Status)
전화문의 | 평일 월요일 ~ 금요일 10:00~17:00 / 1522-6101
1:1문의 | 평일 월요일 ~ 금요일 09:00~18:00
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