Recent real estate filings have confirmed that actor Lee Jong-suk has sold another building. The small facility in the Hannam neighborhood of the Yongsan district of Seoul was originally sold to the actor for three million dollars in March of 2018. However, Lee Jong-suk sold it for three and a half million dollars last month in January.
AdvertisementThe profit margin is deceptive, however, as the building in question had been renovated at the actor's expense and also incurred various administrative fees, wiping out most of the margin. The small sized building consists of a basement and two upper floors. Purportedly the sale was made of opportunity, with a business interested in purchasing a building of this size and price range for commercial purposes. This suggests Lee Jong-suk may have been trying to divest himself of his real estate holdings.
The news follows a similar deal last August, with Lee Jong-suk taking in a one and a half million dollar profit from a building in the Sinsa neighborhood of the Gangnam district of Seoul. In that case too, renovation and administrative fees are believed to have consumed most of the profit margin. Lee Jong-suk was discharged from alternative mandatory service last month. "The Witch : Part 2. The Other One" is his next confirmed project.
Written by William Schwartz
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea since 2011. Started out in Gyeongju, then to Daegu, then to Ansan, then to Yeongju, then to Seoul, lived on the road for HanCinema's travel diaries series in the summer of 2016, and is currently settled in Anyang. Has good tips for utilizing South Korea's public bus system. William Schwartz can be contacted via firstname.lastname@example.org. He also has a substack at williamschwartz.substack.com where he discusses the South Korean film industry in broader terms and takes suggestions for future movies to review.
"[HanCinema's News] Lee Jong-suk Sells Building for $500,000 Profit"
by HanCinema is licensed under a Creative Commons Attribution-Share Alike 3.0 Unported License.
[Video] Episode 1 Trailer Released for the Upcoming Korean Drama "Sisyphus: The Myth"
Episode 1 trailer released for the upcoming Korean drama "Sisyphus: The Myth",...More
[Video] Highlight Video Released for the Upcoming Korean Drama "Beyond Evil"
Highlight video released for the upcoming Korean drama "Beyond Evil",...More
[Videos] Character Teasers Released for the Upcoming Korean Drama "How To Be Thirty"
Character teasers released for the upcoming Korean drama "How To Be Thirty",...More
Subscribe to HanCinema Pure to remove ads from the website (not for episode and movie videos) for US$0.99 monthly or US$7.99 yearly (you can cancel anytime). The first step is to be a member, please click here : Sign up, then a subscribe button will show up.