Even rumors of a 400 billion won profit circulated... "Lost all income due to business failure" [Dongchimi] [★Bam TV]

*This content was translated by AI.

Singer Koo Chang-mo recalled the past when he lost in four months the money he had saved over four years.

On the 19th, MBN's "Sokpulishow Dongchimi" featured Koo Chang-mo and Kim Beom-ryong as guests.

That day, Koo Chang-mo reminisced about a past when he made a large sum of money from an automotive business in Russia, with rumors even suggesting profits of 400 billion won. In response, MC Lee Hyun-i asked, "Did you lose all that much money?"

Koo Chang-mo stated, "A junior artist proposed a deer antler business. I fell for it completely. I put all the money I had earned from my previous automotive business into that venture."

He continued, "I purchased five tons of deer antlers. That was enough to make about 66,000 servings of medicinal soup. However, my biggest mistake was not properly researching the Korean market. There were no buyers like me who would purchase such a large quantity."

He further admitted, "In fact, almost all five tons of deer antlers were defective. I sold them to distributors at rock-bottom prices. It became unmanageable," effectively confessing that he had been defrauded, which left viewers shocked.

MC Kim Yong-man asked, "How much did you lose from the deer antler business?" Koo Chang-mo replied, "I invested 3.66 million dollars (approximately 5 billion won with Hanwha), and I lost about 80% of that amount," evoking sympathy.

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*This content was translated by AI.