"Yunho, who said 'I won't become a building owner,' suspected of purchasing a 16.3 billion won building through a family corporation"

"Buying a Building Is Nice, but Actually I Have a Dream"

Yunho Yunho appeared on MBC's 'Dunia'. Photo by MBC Broadcast Screen Capture.

[Asia Economy Reporter Kim Bong-ju] TVXQ's Yunho (real name Jung Yun-ho) has recently been embroiled in controversy over violating quarantine rules and visiting illegal entertainment establishments, and it has come to light that he owns a building through a family corporation. This is notable because Yunho had previously stated that he would not become a "building owner."

On the 15th, an online community post spread widely, stating, "In 2016, Yunho bought a building through a family corporation," and "Buying a building is not wrong, but when I commented asking if talking about this wouldn't be burdensome, my account was blocked."

Later that day, Dispatch and JoongAng Ilbo reported that Corporation A, presumed to be represented by Yunho's father, purchased a building in Pungnap-dong, Songpa-gu, Seoul, in October 2016 for 16.3 billion KRW. The representative of the corporation, Mr. Jung, shares the same name as Yunho's father, and the representative's address matches Yunho's home address.

Previously, in 2018, Yunho stated on MBC's entertainment show "Dunia" that "I want to buy a building too, and that would be nice, but I actually have a dream," adding, "If I get the chance, I want to establish a school."

In response, netizens criticized him, saying, "He unnecessarily created an image on the broadcast and deceived fans."

In particular, there are even accusations that he exploited loopholes in the real estate system through irregular methods.

It is not illegal for an individual to purchase real estate through a family-named corporation. However, when a real estate corporation owns a residence, acquisition tax and property tax are reduced, and the collateral recognition ratio for mortgage loans is applied more favorably than for individuals.

When calculating comprehensive real estate holding tax, houses owned under a corporation's name are not counted toward the individual's number of owned houses, significantly lowering the tax burden.

Also, while individual multiple homeowners face capital gains tax rates up to 62%, houses purchased through a corporation are not included in the individual's housing count.

Real estate acquisition through corporations is often abused as a means of tax reduction and evasion, making it a frequent target of tax investigations.

This content was produced with the assistance of AI translation services.