Renowned entertainer Yoo Jae-suk is constructing a commercial building in Nonhyeon-dong, Gangnam, after purchasing prime real estate for ₩19.8 billion ($15 million).

💰 A Major Investment in Gangnam

According to a Biz Hankook report on March 10, Yoo Jae-suk is developing a new building on the Nonhyeon-dong property he purchased in full cash:

🏡 Land Size: 298.5㎡ (90.3 pyeong) and 275.2㎡ (83.2 pyeong)

💵 Purchase Price: ₩11.6 billion (land) + ₩8.2 billion (building) = ₩19.8 billion

🏗️ New Building Specs: 3 basement floors + 4 above-ground floors (1,668㎡ total floor area)

The property, currently under construction, will include:

✅ Office spaces

✅ Restaurants

✅ Photography studios

✅ Parking lot for 12 vehicles

🚧 Construction Timeline:

📍 December 2023 – Received construction permit

📍 May 2024 – Scheduled to break ground

📍 February 2026 – Expected completion

🏛️ Tax Investigation Cleared – No Violations Found

Last year, Yoo Jae-suk was subject to a rigorous tax audit by the Gangnam Tax Office, under the Seoul Regional Tax Service.

📌 When? June – July 2023

📌 Why? Regular tax audits for high-income earners, focusing on multi-billion-won property acquisitions

📌 Outcome?No tax evasion or irregularities found

The investigation thoroughly reviewed Yoo Jae-suk's expense claims and financial records, but authorities found no issues with his reported income or tax payments.

👨‍👩‍👧‍👦 Yoo Jae-suk's Family Life

Yoo Jae-suk married Na Kyung-eun, a former MBC announcer, in 2008. The couple has two children—a son and a daughter.

With this new real estate project, Yoo Jae-suk continues to expand his financial footprint while maintaining his reputation as one of Korea's most trusted celebrities.