President Yoon's Bundang apartment sale involved a 1.7 billion won loan from the presidential couple

South Korean President Yoon Suk-yeol has finalized the sale of his apartment in Bundang, Gyeonggi Province, a property he had held for approximately three decades. The transaction, valued at 2.9 billion won, has garnered significant attention due to a unique financing arrangement.

According to court registration documents, President Yoon and his wife, Kim Keon-hee, jointly owned the apartment. In a notable aspect of the sale, the presidential couple reportedly provided the buyer with a substantial loan, amounting to 1.7 billion won. This loan was secured by a mortgage (geuneudang) on the very property being sold, raising questions about the circumstances and motivations behind this arrangement.

The apartment, located in Bundang, has been a long-term asset for the President. The sale was completed on July 14. The specifics of how the buyer secured the remaining funds, particularly with the seller acting as a lender, are a focal point of public interest and media scrutiny.