BTS, IU And Song Hye-Kyo: 9 Korean Stars And Their Expensive Properties
From BTS members, Song Hye-kyo to IU—here are the Korean stars who own expensive properties in upscale neighbourhoods in Seoul
With fame comes fortune. With the meteoric rise of K-pop, K-dramas and K-mania going strong, several Korean stars have also amassed wealth that allowed them to purchase and own expensive properties, whether it's a penthouse suite or an entire building in Korea's most affluent districts.
Every time these famous stars splurge on new properties, it always catches the attention of fans, particularly because living and owning property in South Korea is not cheap. Being able to purchase a lavish apartment in upscale districts just show how much they earn. Curious to find out how owns expensive properties? Read on to find out more.
Editor's note: This list is not exhaustive and the figures are taken from publically available information on the estimated prices that were converted from Korean won.
Being the best selling artist of 2020, it's no surprise that BTS also own expensive properties. Both RM and Jimin have recently purchased an apartment each in the upscale Nine One Hannam complex, which is often referred to as the "Beverly Hills of Korea" and is one of the most expensive apartment complexes in Seoul. According to Korean media, RM's apartment cost around US$5.7 million for around 293.93 square metres of space while Jimin spent US$5.3 million on an apartment of the same size.
RM previously bought a US$4 million apartment in Hannam The Hill, the same residence where BTS lives as a group and one of the most exclusive apartment buildings in Asia. Jimin bought an old apartment complex before worth US$3.9 million in Banpo Jugong, a prime spot near the Han River. When the apartment undergoes restoration and remodelling, the value is likely increase.
Meanwhile, Jungkook purchased a house in Itaewon early this year. The two-storey house is priced at US$7 million (worth more than the group's home) and spans around 230.72 square metres. It's located about five minutes away from RM and Jimin's new apartment. Before this, he bought a US$2.3 million apartment in Seoul Forest Trimage but has sold it since.
Other members of the group also have their own luxury properties. Jin bought his own apartment in Hannam The Hill. The property is said to cost about US$3.4 million and was a gift to his parents, giving 35 per cent of the ownership to them. Before that, Jin bought a 614-square-feet unit in 2018 worth US$1.5 million and eventually sold it in 2019.
Suga bought an apartment in the UN Village for about US$3 million. This complex is also expensive thanks to its proximity to the Han River, a popular tourist destination. On the other hand, V bought a property in Apelbaum, Gangnam worth US$4.55 million and spans about 283 square metres. The location is popular among artists and celebrities for its tight security and stunning views of the Han River.
J-hope is the first among the group to own an apartment located in Trimaje, Seongsu way back in 2016. It's reported to cost around US$1.2 million and has since increased in value.
Famed K-pop soloist and actress IU recently purchased an expensive penthouse flat in Cheongdam, an affluent neighbourhood in Seoul known for having some of the most expensive properties in the country. She reportedly spent US$11.7 million in cash. The residential unit in Eterno Cheongdam is still under construction and is expected to be done by September 2023.
Upon completion, Eterno Cheongdam is set to become South Korea's most expensive property with its top floors—the Super Pent units—costing US$26.5 million each. The lavish 20-storey residential complex is designed by Pritzker Architecture Prize winner, Rafel Moneo and marks his first project in Asia.
Currently, IU is living in the 56-storey Raemian Caelitus apartment complex in Yongsan district, also known for its Han River views. This residential area is valued at around US$2.6–3.3 million.
Hallyu star Song Hye-kyo is one of the most sought actresses in South Korea with popularity extending over to Asia. It's been reported that the actress recently spent around US$17.5–19.5 million on a seven-year-old building in Hannam.
Other than this recent splurge, Song also owns three buildings in the affluent Samseong, Gangnam neighbourhood. In 2020, she sold one of her properties for US$7 million. Being one of the highest-paid stars in Korea, owning multiple properties is no surprise for Song.
Kim Tae-hee and Rain
Besides the power couple that they are, Kim Tae-hee and Rain are also the kings and queens of real estate,—listed as the richest Korean celebrities in real estate in 2020 by Entertainment Weekly Live. The couple reportedly owns US$72 million in real estate value.
Even before marrying pop star Rain, Kim already owns three buildings in Gangnam that are valued at US$12 million, while Rain also has expensive properties of his own. He has a villa that costs US$5.3 million, and a shopping centre in Cheongdam priced at US$21.4 million. The couple lives in a two-storey house in Hannam, which they bought three months before getting married for US$4.4 million.
According to Korea Times, when Kim sold a building in Gangnam in March—which she bought all the way back in 2014—she reportedly received US$6.37 million. Meanwhile, Rain's property in six-storey Cheongdam which he bought in 2008, skyrocketed in value after renovation in 2017. He's reported to earn US$26 million in profits. Now, his own company, as well as a cafe, restaurant and other businesses, operate there.
But the couple's property extends beyond South Korea as they also bought a US$2 million house in California in 2019.
K-drama fanatics know who Son Ye-jin is but her wealth and popularity definitely skyrocketed following the success of Crash Landing On You (CLOY). The Korean star now has a Hollywood debut in the line-up, a Valentino ambassador and plenty of other beauty endorsements on the list which increased her fortune.
Son bought a US$14.4 million commercial building in the upscale Gangnam district. The six-storey building is home to beauty-related enterprises. Before the popularity of CLOY, Son already bought a US$8.2 million building in 2015 in the Mapo district and sold it three years later for US$12 million.
Song and Kim already made the list so it's no surprise that the last member of "Tae-Hye-Ji" trio, Jun Ji-hyun also owns lavish properties. Jumpstarting the Hallyu wave and spreading Korean dramas all over Asia, Jun has accumulated quite a fortune over the years she's been acting. Her hard-earned wealth allowed her to purchase a US$28.5 million building in Gangnam in cash and reported to have a total of US$66.4 million in real estate wealth.
In 2007, she bought a US$7.1 million building in Nonhyeon. Then in 2013, bought a US$4.8 million building in Incheon. A year later, Jun revealed that she also owns a US$14 million building in Nonhyeon and in 2015, purchased a US$3.6 building in the same area. Before Jun's hiatus—in her last project, The Legend of the Blue Sea—she's reported to earn about US$84,000 per episode. Her commercials also added US$11.9 million to her fortune.
Big Bang's G-Dragon and Taeyang
Being the "kings of K-pop" that they are, Big Bang members G-Dragon and Taeyang also own luxury properties. Chanel ambassador G-Dragon is one of the richest K-pop stars and owns Cafe Mônsant in Jeju Island. The singer also directly participated in the development, designing, and planning of the concept behind Jeju Shinhwa World, a resort complex that's also located on the island. He also owns a number of buildings, including Galleria Fore, priced at US$27 million. In 2017, he also became the owner of a building worth US$8.8 million.
Meanwhile, Taeyang also owns a US$3.75 million villa in UN Village and in 2016, bought a seven-story building in Hannam for US$6.9 million.
See also: 10 Most Expensive Korean Dramas To Make
The nation's "first love" as she's called, Bae Suzy also owns a luxury building in Samseong, Gangnam. Due to her popularity as an actress, member of former Girl Group, Miss A, and beauty and fashion endorsement allowed her to purchase a US$3.7 million apartment. She's also ranked number one for female idols with the most expensive homes according to Mnet's TMI News.
Although Lee Jong-suk's 89 Mansion cafe has closed down, the popular Korean actor still has plenty in his real estate portfolio. He owns a villa at Nine One Hannam priced at US$4.2 million and three properties in Hannam at US$13.6 million. He bought an abandoned building in Sinsa for US$4.5 million which became the 89 Mansion though he sold it and earned US$2.3 million.