Jung Jun-ha's 3.6 Billion Won Apartment Auctioned Off... "First Time Experiencing This, I Feel Unfair"

"Money Borrowed from Company A Repaid Last June," Claim
Lawyer: "24% Annual Late Payment Penalty Is Excessive"

Broadcaster Jung Joon-ha. Jung Joon-ha Instagram

Broadcaster Jung Joon-ha's apartment located in Samseong-dong, Gangnam-gu, Seoul, which he owns, has been put up for auction, and he has expressed his frustration over payment issues with a liquor distribution company.

According to the real estate industry on the 3rd, the Seoul Central District Court decided to commence a forced auction in July for Jung Joon-ha's apartment in Jungang Heights Village, Samseong-dong, Gangnam-gu, Seoul (exclusive area 152.98㎡). The property was acquired in 2005 with Jung Joon-ha and his father each holding half of the shares. The current market price of the apartment exceeds 3.6 billion KRW, and the auction is proceeding only for 36.38㎡ (11 pyeong), which is half of the share Jung Joon-ha owns. The creditor is liquor distribution company A, which reportedly applied for the auction claiming it has not received 203,298,812 KRW from Jung Joon-ha.

However, Jung Joon-ha maintains that he is unfairly treated. According to a report by Ilgan Sports, he explained in an interview the day before, "While running a store and facing financial difficulties due to the COVID-19 pandemic, I received an offer from a liquor company I had dealt with for seven years to borrow money interest-free." He added, "Even though I repaid all the money, company A filed for auction citing delayed damages. I have been in business for a long time, but this is the first time I have experienced something like this, so I am confused and truly feel wronged."

According to Jung Joon-ha's claim, he borrowed 200 million KRW from company A in 2018 when he opened the second branch of his restaurant, promising to repay 5 million KRW monthly for 40 months. Although the repayment schedule was delayed due to COVID-19 and other circumstances, he completed repayment in June. However, company A suddenly applied for the auction, claiming they did not receive delayed damages. Jung Joon-ha stated, "I later found out that the delayed damages were at an annual rate of 24%." The first sale date for the auctioned property is scheduled for the 10th, and Jung Joon-ha's side filed a petition to cancel the auction decision at the Seoul Central District Court on the 29th of last month, along with an urgent request to suspend the forced auction.

Im Young-taek, a lawyer at Law Firm Neulpum representing Jung Joon-ha, told Ilgan Sports, "The transaction between Jung Joon-ha and company A does not make sense logically. Even if the repayment was delayed, the 24% annual delayed damages are legally excessive." He added, "There is suspicion of intentionality, and we are considering not only civil litigation but also future criminal charges."

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