Big Bang's G-Dragon Purchases 16.4 Billion Won Apartment in Hannam-dong... Paid Entirely in Cash

[Image source=Yonhap News]

[Asia Economy Reporter Kim Hyung-min] G-Dragon of the group Big Bang and webtoon artist Park Tae-joon have attracted attention by consecutively purchasing ultra-high-priced real estate worth hundreds of billions of won.

According to the cultural industry on the 3rd, G-Dragon purchased a penthouse with a supply area of 299.74㎡ (approximately 90 pyeong) in the luxury apartment complex 'Nine One Hannam' in Hannam-dong, Yongsan-gu, Seoul, for 16.4 billion won in March.

According to the real estate registry of this apartment, it is estimated that G-Dragon paid the full amount in cash without any mortgage loan. Besides G-Dragon, some members of BTS, singer Jang Yoon-jung, and announcer couple Do Kyung-wan are also known to own units in this apartment.

Famous webtoon artist Park Tae-joon, who serialized works such as 'Lookism,' 'Fight Class,' and 'Life is a Mess' on Naver Webtoon, was also confirmed to have recently purchased a high-priced building close to 80 billion won. According to the Ministry of Land, Infrastructure and Transport's commercial real transaction price statistics and court registry, J Studio Co., Ltd., headed by Park, directly purchased the Emporia Building in Nonhyeon-dong, Gangnam-gu, Seoul, for 79 billion won on March 11.

J Studio set up a maximum secured claim of 82.2 billion won in mortgage rights with Kookmin Bank, NongHyup Bank, and Shinhan Bank on March 25 and 31. Banks typically set collateral rights about 20% higher than the actual loan amount when providing real estate secured loans. Considering this, it appears that approximately 68.5 billion won was borrowed to purchase the building.

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