The information that the actor Reply 1988 is suspected of taking advantage of real estate is causing a stir in the online community.
In Korean showbiz, there are many stars who invest in real estate and earn huge profits as a way to earn extra income. However, the act of real estate speculation in showbiz became the focus of controversy. Most recently, the hit actor of the movie Reply 1988 – Ryu Jun Yeol sold the building in Yeoksam Ward, Gangnam District for 15 billion won (300 billion VND), nearly doubling the profit after only 2 years. This building was purchased by the actor from 2020 for 5.8 billion won (116 billion VND), plus the construction cost is 8.2 billion won (164 billion VND).
However, Dispatch investigated and questioned the Reply 1988 actor for speculating in real estate for profit (a form of buying large quantities of land and real estate to hoard and sell when there is a difference in terms of income. prices, which may adversely affect the economy). This hit news revealed that Ryu Jun Yeol used a leveraged strategy to invest in real estate and earn huge profits. Ryu Jun Yeol also established a private company so that he could take out a mortgage loan to buy land and build.
It is known that Ryu Jun Yeol’s private company Deep Briding was established in March 2018, with the legal entity representing the actor’s mother. In 2020, the actor used the company’s name to borrow from a bank and bought a land of 83 pyeong (274 square meters) in Yeoksam ward for 5.8 billion won (116 billion VND). He was loaned by the bank up to 90% of the value of the land, ie 5.2 billion won (104 billion VND).
Soon after, the actor demolished the 1-storey house on this land and rebuilt it into a building with 2 basements and 7 floors above ground. Ryu Jun Yeol continued to use the name of Deep Briding to borrow 1.7 billion won (34 billion VND) from the bank, equivalent to 70% of the construction cost.
The work was completed in November last year and immediately put up for sale in January 2022 for 15 billion won (300 billion VND). After deducting expenses and bank loans, Ryu Jun Yeol is expected to earn a profit of 6 billion won (120 billion dong) before tax and 4 billion won (80 billion dong) after tax.
According to Mr. Shin Jong Yeop (Head of Building Road Real Estate Department), the reason the actor has earned such a large profit is because he is not subject to acquisition tax, construction fee and interest fee. Startup companies are also favored by banks for loans with lower interest rates for individuals.
In response to the question of Ryu Jun Yeol’s real estate speculation, the management company C-Jes Entertainment said, “Deep Briding is a company established specifically to manage Ryu Jun Yeol’s personal income. He built it. This building was intended to do fashion business with friends. But due to the impact of the COVID-19 epidemic, Ryu Jun Yeol decided to stop the business plan and sell the building.”
However, this explanation did not convince the public. Before Ryu Jun Yeol, many Korean stars are also suspected of real estate speculation, setting up subsidiaries to get preferential loans and avoiding high taxes such as DK (SEVENTEEN), Lee Byung Hun, Han Hyo Joo, Kim Tae Hee, Kwon Sang-woo…
The real estate speculation and huge profits of these stars contribute to increasing real estate prices, making it even harder for ordinary workers to buy houses. In addition, many people are also worried that celebrities can take advantage of their personal reputation to do business, invest, sell off land, and earn huge profits.
Ryu Jun Yeol was born in 1986, started acting in 2012 when he was 26 years old. Before being known throughout Asia for his role as Kim Jung Hwan in the movie Reply 1988, Ryu Jun Yeol was almost unknown in his artistic career.
Starting his acting career late, Ryu Jun Yeol at that time was considered to have no appearance, even considered unsuitable for the entertainment industry that prefers formal beauty like Korea.
Ryu Jun Yeol was born in 1986, started acting in 2012 when he was 26 years old. Before being known throughout Asia for his role as Kim Jung Hwan in the movie Reply 1988, Ryu Jun Yeol was almost unknown in his artistic career.
Starting his acting career late, rookie Ryu Jun Yeol at that time was judged to have no appearance, even considered unsuitable for the entertainment industry, which prefers formal beauty like Korea. No shimmering appearance. , without a perfect pedestal, Ryu Jun Yeol once struggled at the bottom of society to survive and then to pursue his dream. Ryu Jun Yeol’s youth is the days of running to deliver pizza, working as a tutor, cleaning at the store, delivering goods, handing out flyers, carrying goods…
However, with his honest acting, Ryu Jun Yeol has officially conquered the audience with his acting ability instead of his dashing appearance. And from that moment, it was realized that in the middle of a forest of Korean men more beautiful than flowers, Ryu Jun Yeol was impressed by the strange but talented. Cold single eyelid eyes, masculine jawline help Ryu Jun Yeol become truly outstanding, not mixed with anyone.
And since then, Ryu Jun Yeol has become the box office guarantee for a series of works. In the movie industry, Ryu Jun Yeol has proven that looks are not everything, actors must speak with their works and acting skills.
