MC Yoo Jae Suk builds 7-storey building on land worth 14.4 million USD

DI PY |

According to Korean media on September 13, national MC Yoo Jae Suk is constructing a new building on a plot of land in Nonhyeon-dong, Seoul.

This land has a construction area of 573.7 m2, a total area of 1,653.55 m2, and was purchased by him in June 2023 through two transactions with a total value of 20 billion won (about 14.4 million USD).

Of which, Yoo Jae Suk spent 11.6 billion KRW (about 8.3 million USD) to buy 298.5 m2 of land and 8.2 billion KRW (about 5.9 million USD) for the remaining 275.2 m2. In November of the same year, he applied for a construction permit through his own real estate company JS607. The project started in May 2024 and is expected to be completed in February 2026.

The new building will have 4 floors above ground and 3 basements, and the purpose of use has not been disclosed. Notably, the building is located right opposite the headquarters of the management company Antenna where Yoo Jae Suk is currently working and near many other entertainment companies such as the headquarters of Egg Is Coming of PD Na Young Suk. This makes the public more curious about the national MC's plan for a large real estate project.

It is known that Yoo Jae Suk also borrowed 7.7 billion won (about 5.5 million USD) to serve the construction process. In addition to the new project, the male artist currently owns an attic apartment in Nonhyeon-dong worth 8.7 billion won (about 6.2 million USD) and an apartment in Apgu-jeong worth about 7 billion won (5 million USD).

At the age of over 50, Yoo Jae Suk is not only loved for his successful career in television but also attracts attention for his ability to manage finances and invest in smart real estate, affirming his comprehensive position as a "national MC" of the Korean entertainment industry.

DI PY
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