Ok Joo-hyun speaks out on the auction of her 19 billion won Hannam The Hill property: "In the process of settling debts with an investment firm" [Full statement]

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Musical theater actress Ok Joo-hyun, a former member of the group Fin.K.L, has issued a statement through her agency regarding the auction proceedings for the Hannam The Hill property in Yongsan-gu, Seoul, which she purchased for 19 billion won.

On the 29th, Ok Joo-hyun's agency, Gemstone E&M, explained in an official statement, "Ok Joo-hyun has been formulating specific business plans and making practical preparations to launch new ventures in various fields such as performances, performance planning, and education, centered on her existing corporate building in Sinsa-dong. In this process, she secured a large-scale investment from a business investment company."

The agency added, "Subsequently, during the business promotion and investment attraction process, she purchased a residence in Hannam-dong in April of this year. Recently, as an M&A deal was concluded between Ok Joo-hyun's corporation and the investment firm, we are proceeding with procedures to settle existing matters, including debts related to the said residence."

The agency emphasized that the current auction is also intertwined with the business promotion and debt settlement process. It stated, "We are currently conducting specific debt repayment and settlement procedures with the investment firm, and in accordance with the business plan, the investment firm intends to repay the full amount of the related loan," adding, "We will proceed with the necessary steps so that the related matters can be settled amicably."

Earlier on the same day, Seoul Economy reported that on the 14th, the Seoul Western District Court issued a decision to commence an arbitrary auction for Hannam The Hill owned by Ok Joo-hyun. The creditor who applied for the auction is Korea Financial Asset Management Daebu, and the claimed amount is approximately 2.17 billion won.

An arbitrary auction is a procedure applied for by a holder of a first-ranking mortgage right to enforce their security interest in cases where the debtor fails to perform secured debts, among other circumstances.

The property gained attention after it was revealed that Ok Joo-hyun purchased it for approximately 19 billion won in April of this year. According to the registry, Ok Joo-hyun signed a sales contract on May 7 last year and completed the transfer of ownership registration on April 10 this year.

Hello. This is Gemstone E&M.

We are delivering an official statement regarding the real estate auction-related articles reported today on behalf of artist Ok Joo-hyun.

Ok Joo-hyun has been formulating specific business plans and making practical preparations to launch new ventures in various fields such as performances, performance planning, and education, centered on her existing corporate building in Sinsa-dong. In this process, she secured a large-scale investment from a business investment company.

Subsequently, during the business promotion and investment attraction process, she purchased a residence in Hannam-dong in April of this year. Recently, as an M&A deal was concluded between Ok Joo-hyun's corporation and the investment firm, we are proceeding with procedures to settle existing matters, including debts related to the said residence.

The matter regarding the auction of this Hannam-dong residence is also intertwined with such business promotion and debt settlement processes. We are currently conducting specific debt repayment and settlement procedures with the investment firm, and in accordance with the business plan, the investment firm intends to repay the full amount of the related loan.

We will proceed with the necessary steps so that the related matters can be settled amicably.

Thank you.

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*This content was translated by AI.View Original