Davichi's Kang Min Kyung shocked netizens with her purchase of a $5 million building.
According to reports on June 29, Kang Min Kyung signed a contract in April to buy a building in Hapjeong-dong, Mapo-gu, Seoul for 6.5 billion Won ($5,011,352.45 USD). The singer is known to have paid the balance on June 23, and the registration of ownership transfer will be competed before the end of this month.
The 5-story building is currently used for offices and retail stores. Kang Min Kyung is reported to have paid in 1.5 billion Won (~$1.16 million USD) in cash and 5 billion Won (~$3.87 million USD) in a loan.
Netizens commented, "I'm so jealous. She's able to get that loan because she makes a lot of money," "Kang Min Kyung worked really hard since she was young," "She seriously lives in another world," and more.
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Many idols are secretly making strategic investments considering the alerting longevity of their career as an artist...smart move...there are plenty wealthy idols out there who dont necessarily flaunt it all the time...I know one of my best friends older cousin did some work in a private jewelry auction...there is a famous 2nd gen female idol who purchased a jewelry worth of $800.000...Can't spill names but her groups songs are known for countless bops:) and i know 800k is not that much these days, but for me im poor as fuck so that number can set me for life
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