Monthly Rental Income of 85 Million KRW... Lee Byung-hun's Oksoodong Building Investment Hits Jackpot

Last Year, Building in Oksu-dong Purchased Through Corporate Project Funds
International School Reportedly Leasing Entire Building

Actor Lee Byung-hun is reportedly earning about 85 million KRW per month in rental income from a building purchased through his wholly owned corporation, Project B.

Actor Lee Byung-hun [Photo by Yonhap News]

According to Hankyung.com on the 24th, Lee Byung-hun purchased a building located in Oksu-dong, Seongdong-gu, Seoul, for 23.99 billion KRW last August through the corporation Project B. Project B is a real estate leasing and consulting corporation established in September 2017, with Lee Byung-hun's mother, Park, serving as an inside director.

The building Lee purchased was newly constructed near Oksu Station in September 2021, with a land area of 732㎡ and a total floor area of 2,494.76㎡, spanning from two basement floors to six above-ground floors.

Currently, the entire building is leased by an international school with a deposit of 1 billion KRW and a monthly rent of 85 million KRW. Kim Jae-young, team leader at Building Road, told Hankyung.com, "The road adjacent to this building leads to the upscale residential area of Hannam-dong, which seems to be why the international school was able to pay such a high rent."

He also stated, "The building is currently managed under a trust operated by a trustee company. There are various reasons for establishing a trust, such as management, development, and collateral trust for loans, but in Lee Byung-hun's case, it is expected to be for loan purposes and tax savings."

Meanwhile, Lee Byung-hun has consistently invested in real estate through Project B in the past as well.

In 2018, Lee purchased a building in Yeongdeungpo-gu, Seoul, for 26 billion KRW. Afterwards, he earned rental income of 1.768 billion KRW in 2019 and 1.664 billion KRW in 2020, and reportedly made a profit of 10.6 billion KRW by selling the building in 2021.

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