MC Mong sells building in Kang Ho-dong's name for 15.2 billion won; 'new owner' Noh Hong-chul secures 14 billion won loan [Star Issue]

*This content was translated by AI.

MC Mong (real name Shin Dong-hyun), a singer and producer, has resold to broadcaster Noh Hong-chul a Gangnam Shin-sa-dong building he had purchased from comedian Kang Ho-dong just 18 months earlier. It is reported that MC Mong incurred a loss of 1.4 billion won in the process.

According to Financial News on the 22nd, 'The Mu Co., Ltd.', established by MC Mong, recently sold a building located in Shin-sa-dong, Gangnam-gu, Seoul, to Noh Hong-chul for 15.2 billion won. The building spans from one basement level to five above-ground floors, with a land area of 253.95 square meters and a total floor area of 593.17 square meters.

MC Mong had purchased the building from Kang Ho-dong in November last year for 16.6 billion won but sold it approximately one and a half years later at a price 1.4 billion won lower. Considering acquisition taxes, registration fees, and financing costs, the actual loss is estimated to exceed 2 billion won.

Previously, in 2018, Kang Ho-dong had purchased the same building for 14.1 billion won. He later sold it to MC Mong for 16.6 billion won six years later, securing a market price gain of approximately 2.5 billion won.

The new building owner is Noh Hong-chul. Noh Hong-chul signed the purchase agreement earlier this month and recently completed the transfer of ownership. It is reported that most of the purchase funds were secured through loans.

According to the official land registry, a mortgage with a maximum secured amount of 18 billion won has been registered on the building. Given that the maximum secured amount typically represents 120% to 130% of the actual loan amount, the actual loan size is estimated to be between 14 billion won and 15 billion won.

Additionally, it is reported that Noh Hong-chul provided an existing building he acquired in 2018 for approximately 12.2 billion won as joint collateral during the building purchase process.

<© STARNEWS. All rights reserved. No reproduction or redistribution allowed.>

*This content was translated by AI.