[theqoo] "RYU JUNYEOL, BUYS BUILDING THROUGH FAMILY CORPORATION, FROM 5.8 B → 15 B JUMP IN VALUE... BUILDS WEALTH THROUGH INVESTMENT

Actor Ryu Junyeol's family corporation has been re-examined for earning billions of won in capital gains through investments in Gangnam buildings.

The MBC current affairs program ‘Straight,’ aired on the 8th, investigated celebrities' wealth accumulation through one-person agencies under the theme ‘One-Person Agencies: Don't Do It and You're a Fool?’

The building, with two basement floors and seven above-ground floors, was reportedly traded for approximately 15 billion won (~10.1 M USD) in 2022. This fact was already known in 2022.

The seller at the time was a corporation named ‘Deep Breathing’. This corporation was reported to be a family-run entity where Ryu Junyeol served as an internal director and his mother was the CEO.

Deep Breathing purchased the property in 2020 for approximately 5.8 billion won (~3.9M USD). After demolishing the existing building and selling the land, it generated a substantial capital gain in just over two years.

It was also noted that loans accounted for a significant portion of the purchase process. Deep Breathing secured approximately 4.8 billion won (~3.2M USD), about 80% of the 5.8 billion won purchase price, through loans from financial institutions. Analysis suggests the actual funds invested were around 1 billion won.

It was also pointed out that when purchasing commercial buildings under a corporate name, loans are generally easier to obtain than for individuals.

A former bank branch manager stated in an interview, “Banks evaluate individual business owners, but corporations don't require such evaluations. Loan interest is also recognized as a corporate expense (loss and cost). Most such individuals receive loans covering up to 80%.”

The broadcast referred to this as a method of accumulating ‘debt investment’, citing the cases of actors Hwang Jungeum and Lee Byunghun as examples.

Hwang Jungeum borrowed approximately 3.5 billion won (~2.4M USD) under her family corporation's name to purchase a building in Sinsa-dong, Gangnam-gu, Seoul. She resold it just 3 years and 7 months later, realizing a capital gain of around 5 billion won (~3.4M USD).

Lee Byunghun borrowed approximately 17 billion won (~11.5M USD) to purchase a building in Yangpyeong-dong, Seoul, for 26 billion won (~17.6M USD) under his corporation's name in 2018. He reportedly earned a profit of around 10 billion won (~6.8M USD) in just over three years. It was also reported that Lee Byunghun took out a loan of approximately 19 billion won (~12.8M USD) to purchase a building in Oksoo-dong, Seongdong-gu, Seoul for 24 billion won in 2022.

original post: here

1. This guy's words don't match his actions

2. But this way of operating is f*cking common

3. This guy is doing all sorts of things too

4. The more time goes by, the more he becomes so-so

5. This guy doesn't even surprise me anymore

6. The way he speaks makes him look all sophisticated but this is the way he behaves in the background which is hilarious... He shouldn't have made up this image about himself

7. Didn't he say that he didn't care about money?

8. This guys words and actions are all different. He got a bunch of hate back then when he purchased the building too. I seriously think that he's the #1 celebrity I don't understand why people stan. He pretends that he doesn't care about money, makes comments about the environment and what not just to be a golfer. Seriously, this person is completely different

9. Wow

10. He's crazy about money...

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