The news of actress Kim Ji Won's past building purchase has just surfaced.
According to a report by News1 on April 19, Kim Ji Won acquired a building located on Dosandaero in Nonhyeon-dong, Gangnam-gu, Seoul, for 6.3 billion KRW (~4.6 million USD) back in June 2021. She purchased the building under the company name of 'Jiwon Entertainment Co., Ltd.,' where she serves as an internal director and representative.
The building spans from one basement floor to five above-ground floors, with a total land area of 198㎡ and a floor area of 495㎡. Built in 1991, it is conveniently situated just 7 minutes away from Gangnam-gu Office Station, a transfer station connecting Line 7 and the Suin Bundang Line.
While the basement to the third floor retains its original leased business, the 4th and 5th floors, previously residential, have been repurposed as community facilities and now serve as her agency's offices.
News1 also revealed, citing an official source, that the maximum credit amount was capped at 4.2 billion KRW, with the actual loan estimated at 3.5 billion KRW. Kim Ji Won financed approximately 55% of the purchase price through a loan.
When factoring in the 6.3 billion KRW purchase price, acquisition taxes, legal fees, and brokerage costs, the total estimated expenditure for Kim Ji Won's building acquisition comes to around 6.7 billion KRW.
In response to inquiries, an official from Kim Ji Won's agency, HighZium Studio, stated to Xportsnews, "It's challenging to confirm as it pertains to the artist's personal matters."
Since her debut in 2010, Kim Ji Won has appeared in popular dramas such as 'The Heirs,' 'Descendants of the Sun,' 'Fight for My Way,' 'Arthdal Chronicles,' and 'Lovestruck in the City.'
In the drama 'My Liberation Notes', she garnered acclaim for her portrayal of Yeom Mi Jung, the youngest daughter longing for freedom from a monotonous life. Currently, she is captivating audiences both domestically and internationally with her role as Hong Hae In, the daughter of the Queen group, alongside actor Kim Soo Hyun in the tvN drama 'Queen of Tears'.
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Seo Jang-hoon owns multiple buildings and everyone compliments his business skills and wealth. He made that money by playing basketball. Kim Ji Won buys one building and according to Koreaboo is immediately suspected of tax evasion, criticized for earning money as an actress and a real estate investor, and her career is over. Both of these people made smart investments with their money for their future.
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Maybe Seo Jang-hoon purchased his buildings in cash and didn't take out a loan - I don't know - but this reeks of double standard to me.
.Then again, if she makes the two levels her house, this would be a housing purchase that is high enough to demand she has to pay cash by law. That could be what Koreans are suspecting and why they say it's tax evasion.