BTS member Jin has purchased a commercial building in Hannam-dong, Yongsan-gu, Seoul previously owned by former Ourhome Chairwoman Koo Mi-hyun and her family, paying 9.6 billion won ($7.18 million) for the property.
Jin acquired the building on Nov. 4 from Koo and her children, Lee Seok-ju and Lee Gyeong-a, according to a report by BizHankook.
Completed in 1990, the building has one below-ground floor and four above-ground floors, with a total floor area of 303 square meters. It sits adjacent to upscale residential complexes including Hannam The Hill and Nine One Hannam.
The Koo family had purchased the building for 6.8 billion won in July last year and sold it roughly 16 months later at a profit of 2.8 billion won.
Jin has since renamed the building "Genie," and interior renovation work is currently underway, according to the report.
Jin also owns two units at Hannam The Hill, the luxury villa complex near the building. As recently as April this year, Jin held three units there, but sold one — originally purchased in 2019 for 4.49 billion won — for 12.7 billion won in April, netting a capital gain of approximately 8.21 billion won.
Hannam The Hill counts celebrity couple Rain and Kim Tae-hee, singer Lee Seung-cheol, and actors So Ji-sub, Byeon Woo-seok and Han Hyo-joo among its known residents. More recently, musical actor Ok Joo-hyun made headlines after purchasing a unit there for a record 19 billion won with heavy mortgage financing, only to fall behind on interest payments — the property has since been listed for court auction and seized by the district office.
paq@heraldcorp.com
