'Shin Hye-sung absent from Lee Min-woo's wedding' sells building for 5.55 billion won while in hiding... Expected loss despite market gain [Star Issue]

*This content was translated by AI.View Original

Shinhwa member Shin Hye-sung, who has been in hiding, including not attending Lee Min-woo's wedding, has been reported to have sold a building.

According to The Korea Economic Daily on the 12th, Shin Hye-sung purchased the building in May 2022 for 4.9 billion won and sold it last month on the 29th for 5.55 billion won. By simple calculation, the market gain is approximately 650 million won.

However, industry sources analyze that Shin Hye-sung likely incurred a loss due to significant costs invested in remodeling and expansion after purchasing the building. According to the real estate industry, construction costs alone are estimated at around 800 million to 900 million won.

Adding various ancillary costs such as acquisition and registration taxes and interest on financial institution loans, the transaction is interpreted as being close to a loss in reality.

While it may appear on the surface that he made a gain of hundreds of millions of won, analysis suggests that when examining the actual profit structure, it is closer to a 'negative sale.'

Meanwhile, Shin Hye-sung caused controversy due to drunk driving and has currently suspended his activities. He was sentenced to probation for a second drunk driving offense in 2022, following his first offense in 2007.

Shin Hye-sung, who has been in hiding and not appearing in public, also did not attend Lee Min-woo's wedding held at a hotel in Jung-gu, Seoul, on March 29. Lee Min-woo tied the knot with Iami, a third-generation Korean-Japanese.

The wedding attracted attention as all Shinhwa members except Shin Hye-sung attended. Except for the unmarried Kim Dong-wan, all attended with their wives.

Later, Kim Dong-wan posted on his personal account, "Why keep trying to attach meaning to the choice to live quietly? It's that person's life. He owes no debt and has no obligation to explain." This is speculated to be a remark aimed at Shin Hye-sung, who did not attend Lee Min-woo's wedding, drawing attention.

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*This content was translated by AI.View Original