Lee Jung-jae, building owner of Cheongdam-dong 55 billion..'Omg2' Korean actor's best guarantee certification

Jul 23, 2024

Lee Jung-jae, building owner of Cheongdam-dong 55 billion..'Omg2' Korean actor's best guarantee certification
Actor Lee Jung-jae recently bought the Cheongdam-dong building for 22 billion won.

On the 22nd, Biz Korea said, "Lee Jung-jae became the owner of a building worth 55 billion won, about 10 billion won more than the 45.6 billion won he won in the 'Squid Game'." According to the real estate register, Lee Jung-jae purchased a building with two basement floors and six ground floors in Cheongdam-dong for 22 billion won on June 28 under the name of his private company, Bena Pictures" he said. Including another Cheongdam-dong building, which he bought with actor Jung Woo-sung for 33 billion won three years ago, he has become a building owner worth 55 billion won, he added. He became a building owner with 55 billion won worth of buildings in Cheongdam-dong alone.

The newly purchased building by Lee Jung-jae is located between Hakdong Intersection and Cheongdam Intersection, and is a large building with a land area of 315.3㎡ (95 pyeong) and a total floor area of 1,136.51㎡ (344 pyeong). If converted into the value of land excluding buildings, it was traded at 230 million won per 3.3 square meters (1 pyeong). The building was completed in 2015, and the second basement floor (140.77㎡) is used for 'Machine Room', the first basement floor (208.88㎡) is 'Physical Training Center', the first floor (151.39㎡) is 'Rest Restaurant', the second floor (143.76㎡) is 'Retail Store', and the third floor to the sixth floor is 'Office'. Lee Jung-jae reportedly received a real estate mortgage loan of up to KRW 20.4 billion from a commercial bank upon the transfer of ownership on June 28.

Lee Jung-jae is performing best both as an actor and as an investor and businessman.

Season 2 of 'Squid Game', which is about to be released, opened the era of 100 billion won for production for the first time in a K-drama. Among them, Lee Jung-jae, who stars as the lead actor, is known to receive a fee of $1 million (about 1.3 billion won) per episode. This is the highest guarantee in the history of Korean actors. Considering that there are 13 episodes planned until season 3, the estimated cost for Lee Jung-jae is estimated to be $13 million (11.173 billion won).

Netflix is said to have made about 1 trillion won in economic profits through 'Squid Game'. If Season 2 is as popular as its predecessor, an investment of 100 billion won is not bad for Netflix.

In December last year, Lee Jung-jae and Jung Woo-sung took over Y the Planet's new shares and became the largest shareholder. After the news was announced, Wythe Planet hit the upper limit for seven consecutive trading days. He became the largest shareholder of Laemmongrae after Wythe Planet. Raemongraein announced in March that it had decided to increase its capital with a paid-in capital increase, and has continued to soar since then. The paid-in capital increase includes the names of Wythe Planet and actor Lee Jung-jae. Considering that Lee Jung-jae is also the largest shareholder of Wythe Planet, Lee Jung-jae is the actual buyer of Laemmongraein. Raemongraein's stock price was strong after the news was reported, and Lee Jung-jae is estimated to have earned about 4.8 billion valuation gains in two days. On the 14th, the Korea Exchange designated Raemongraein's closing price as an investment warning item, up more than 60% from its closing price five days ago. Artist United, where Lee Jung-jae is currently the largest shareholder, is experiencing a management dispute. Artist United acquired Raemongraein through a paid-in capital increase in March this year, and three months after the acquisition, internal directors Lee Jung-jae and Jung Woo-sung discussed ways to participate in Raemongraein management, but CEO Kim Dong-rae has not responded. In response, Artist United applied for a trial seeking permission to convene an extraordinary shareholders' meeting against Lamongraein on the 5th and filed a lawsuit against CEO Kim for damages.



lyn@sportschosun.com