Tried to Leverage 4 Billion Won with 5 billion Won Capital, Now Facing Cash Flow Crisis?… Ok Ju-hyun's '19 Billion Won Home' Ultimately Seized by District Office [Star Issue]

*This content was translated by AI.View Original

Ok Ju-hyun, a member of the group Fin.K.L and a musical actress, has seen her luxury The Penthouse, purchased for 19 billion won, put up for court auction. Following this, it was seized by the jurisdictional district office. Analysis suggests she fell into financial difficulty due to an excessive real estate investment worth 40 billion won, leveraged with only 5 billion won in capital.

Recently, posts analyzing Ok Ju-hyun's real estate investment process in Seoul Yongsan-gu Hannam The Hill and the background leading to its auction have appeared on social media and various online communities under the title "Ok Ju-hyun Hannam The Hill Auction Incident."

Poster A stated, "To put it simply, she leveraged 40 billion won with 5 billion won in capital and was liquidated," arguing that "while leverage is a means to increase wealth in capitalism, if pushed too far, bankruptcy can happen in an instant."

A explained that Ok Ju-hyun purchased land in Sinsa-dong, Seoul Gangnam-gu, for 20 billion won in 2022, using 5 billion won of her own capital and financing the remaining 75% through loans.

It was noted that she subsequently completed a neighborhood facility building with construction costs of 3.2 billion won, secured 16 billion won through completion collateral loans, and increased the loan amount by 2 billion won through refinancing the following year.

A estimated that when Ok Ju-hyun signed a sales contract for Hannam The Hill worth 19 billion won in May 2025, she used the increased loan amount to secure the 10th% deposit of 1.9 billion won.

She had originally planned to sell the Sinsa-dong building for 25 billion won to pay the balance for Hannam The Hill, but high interest rates and a slump in the commercial real estate market prevented the sale, causing difficulties in securing funds.

A stated, "If she had stop-loss sold and concluded the deal with the 1.9 billion won deposit here, she would have kept the deposit," but viewed it as problematic that she borrowed an additional 18.3 billion won through a loan company to pay the balance for Hannam The Hill.

A continued, "Due to the interest burden, Hannam The Hill was transferred to auction within six months. Applying a 20% annual interest rate for loan businesses based on the principal of 20 billion won, the simple annual interest alone that must be repaid is 4 billion won," explaining that this figure excludes interest on the Sinsa-dong building.

Previously, real estate finance specialist lawyers had also raised the possibility that high interest rates and loan regulations played a complex role in Ok Ju-hyun's real estate investment process.

Lawyers Lee Won-hwa and Lee Tae-ho, who appeared on the YouTube channel "Loel Law Firm" on the 30th of last month, explained that after analyzing real estate registries, trust ledgers, financial statements, etc., there is a possibility that additional loan funds for the Sinsa-dong building were used to secure the 1.9 billion won deposit for Hannam The Hill.

They also raised the possibility that she borrowed approximately 18.3 billion won from a loan business corporation as securing the balance became difficult due to strengthened mortgage loan regulations. If the Sinsa-dong building had been sold for 25 billion won, it would have been possible to secure about 8 billion won even after repaying existing loans, but the analysis suggests that financial pressure increased as the sale was delayed due to the real estate market slump.

A claims that this is the result of high interest rate burdens overlapping with loan sizes during a multi-billion-won real estate investment process.

Ok Ju-hyun's side stated regarding this, "The situation is intertwined with the business promotion and debt settlement process," adding, "We are currently proceeding with specific debt repayment and settlement procedures with the investment company, and the investment company plans to repay the full amount of related loans according to the business plan."

Meanwhile, it is known that the Tax Management Division of Seoul Yongsan-gu Office took seizure measures against the Hannam The Hill apartment in Ok Ju-hyun's name on the 6th of this month. Real estate seizures by local governments are generally executed when there is delinquency in taxes such as local taxes.

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*This content was translated by AI.View Original