Actor Ryu Jun Yeol has recently been criticized for his real estate investment, which is worth billions of dollars.
In the past, he was criticized as a “hypocrite” and a “ de facto real estate speculation that took advantage of celebrity privileges” as the content of an interview in the past surfaced that he was ‘not interested in money management and did not want to become a landlord was mentioned.
In an interview with the media ahead of the release of the movie ‘Money‘ in 2019, Ryu Jun Yeol said, “It’s good to be rich, but I was wary of achieving a goal in itself before my debut.”
“I’m not very interested in money management. I learned a lesson that if you make money easily, you will look down on it.” he added.
However, Ryu Jun Yeol bought the land and a single-story building in Yeoksam-dong, Gangnam-gu, Seoul for 5.8 billion won in 2020 under the name of ‘Deep Breeding‘.
Deep Breeding is a private corporation headed by Ryu Jun Yeol‘s mother, Mo Kim.
According to the registered copy, the maximum amount of the real estate bond is 6.2 billion won.
Judging from the fact that the maximum bond amount is usually set at 120% of the loan, it is estimated that Ryu Jun Yeol borrowed about 5.2 billion won while purchasing the building. He borrowed about 90% of the purchase price.
Then, the existing single-story building was demolished and a building with two basement levels and seven stories above the ground (total floor area of about 306 pyeong) was built with about 2.4 billion won.
The amount of money borrowed in the name of new construction funds was about 1.7 billion won.
The building was finally completed in November 2021, and Ryu Jun Yeol sold the building for 15 billion won last month.
In simple calculations, it is a tax profit of 6.8 billion won in about two years of investment in the building.
As soon as this information became known, online critics of Ryu Jun Yeol were pouring out.
It is pointed out that Ryu Jun Yeol actually spent only about 1.5 billion won of his own money and made more than 6 billion won, which is an investment in real estate, but in reality it is no different from real estate speculation.
Some netizens criticize, saying, “Only famous celebrities can get that kind of loan. There is no problem with making money, but there is a problem with loan equity. Real estate speculation was made using celebrity privileges.”
At the same time, the level of criticism has increased as Ryu Jun Yeol‘s past interview remarks are resurfaced. Netizens are strongly criticizing the duality of Ryu Jun Yeol‘s words and actions with comments such as “Pretend that you are an artist who is not interested in money, don’t brag or tremble”, “Say it or not”, “You said that you are not interested in money” and “You are good at investing”.
Earlier, his agency C-JeS said, “Ryu Jun Yeol established a corporation for the purpose of managing personal income. The corporation also planned and conducted photo exhibitions. We put it on hold and sold the building,”.
