“National MC” Yoo Jae-suk is building a commercial building on land in Nonhyeon-dong, Gangnam-gu, Seoul.
According to Bizhankook on the 10th, Yoo Jae-suk has started constructing a commercial building on the land in Nonhyeon-dong he purchased in 2023. The building, which will consist of three underground floors and four above-ground floors (total floor area of 1,668 square meters), is expected to be completed in February next year. In December 2023, Yoo Jae-suk acquired land measuring 298.5 square meters (90.3 pyeong) and a villa building of 275.2 square meters (83.2 pyeong) in Nonhyeon-dong, Gangnam-gu, Seoul, for 11.6 billion won and 8.2 billion won, respectively. The total purchase amount of 19.8 billion won was paid entirely in cash without any loans.
In particular, Yoo Jae-suk attracted attention by purchasing the land and building on the day he acquired 2,699 shares (20.7% equity) of Antenna from Kakao Entertainment for 3 billion won, becoming the company’s third-largest shareholder. Since the building is adjacent to the headquarters of his agency, Antenna, there are speculations about possible business synergies rather than personal investment motives.
Previously, Yoo Jae-suk lived in a Jeonse in Apgujeong-dong for over 15 years and purchased the Brighton N40 in Nonhyeon-dong, Seoul, on Sept. 14, 2023, moving in May last year. The penthouse has a dedicated area of 199 square meters (60.2 pyeong), and the sale price was 8.6657 billion won. Yoo Jae-suk is reported to hold real estate assets worth approximately 30 billion won in Nonhyeon-dong alone.