K-Pop Star Lee Soo Sees $7 Million Increase in Seoul Property Value Over Six Years

K-Pop singer Lee Soo, whose real name is Jeon Kwang-cheol, has seen the value of his building in Nonhyeon-dong, Gangnam-gu, Seoul, increase by approximately $7 million over six years.

According to recent reports, the building Lee Soo purchased in October 2019 has appreciated significantly, resulting in a market value increase of around $7 million.

Lee Soo originally bought the five-story building, which includes a basement, for approximately $8.94 million. He acquired the property under his name and entrusted it through a bank trust loan, rather than a conventional mortgage, leaving the exact loan amount undisclosed. However, it is speculated that he may have utilized a loan covering 80-90% of the purchase price.

The building, completed in 2017, is located in a residential area near Hakdong Intersection and is about an 8-minute walk from Gangnam-gu Office Station, where subway lines 7 and the Suin-Bundang Line intersect.

Currently, Lee Soo's entertainment agency, '325E&C,' occupies part of the building, with other tenants including a restaurant and a Pilates studio.

Recent transactions in the area have been reported at approximately $5,400 to $5,900 per square meter. Based on these figures, Lee Soo's building is estimated to be valued at around $15.9 million, potentially yielding a profit of about $7 million if sold.

In personal news, Lee Soo married fellow singer Lyn in 2014, but the couple amicably divorced in August last year after 11 years of marriage.

Reported by Yoo Ye-ji, TenAsia ryuperstar@tenasia.co.kr