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Singer Yook Joong-wan Says He Missed His Chance to Own a 4 Billion Won Building

From Dong-A Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Yook Joong-wan said the owner of his former rooftop home offered to sell him the building for 850 million won when he was preparing to marry.
  • He said the building, near the start of Mangnidan-gil in Mangwon-dong, is now worth about 4 billion won.
  • Yook said he rejected the purchase because he was afraid of taking on a loan.

Singer Yook Joong-wan says he missed the chance to become the owner of a building now valued at around 4 billion won.

When you get married, you should buy this building.

· Yook Joong-wanHe recalled the former owner’s offer to sell him the building.

Speaking on KBS 2TV’s entertainment program “Boss in the Mirror,” Yook discussed the rooftop room where he lived while appearing on “I Live Alone.” He said the elderly owner offered to sell him the building around the time he was getting married.

At that time, I offered the drastic price of 850 million won.

· Yook Joong-wanHe described the purchase price he was offered.

The asking price was 850 million won, which Yook described as a striking offer even at the time. Broadcaster Jun Hyun-moo noted that the property sits at the entrance to Mangwon-dong, where the popular Mangnidan-gil area now begins.

That is right at the entrance to Mangwon-dong, where Mangnidan-gil, one of the hottest areas these days, begins.

· Jun Hyun-mooHe explained the property’s current location and value.

Jun said the name Mangnidan-gil did not yet exist then, although Mangwon Market was beginning to attract attention. Yook said he could not buy the building because he was afraid of taking out a loan. Jun told him he must regret the decision bitterly now.

I was afraid of taking out a loan at the time, so I could not buy it.

· Yook Joong-wanHe explained why he declined the purchase.
About this summary

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.