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Time of India
2 days ago
- Entertainment
- Time of India
Kim Sae Ron's massive financial debt confirmed: Court records reveal her as a creditor in her father's bankruptcy case; up to 1.20 billion KRW debt in total
The late actress Kim Sae Ron was under a lot of financial distress due to a large amount of debt that had been collected under her name. As per recent reports, it has been confirmed that the late actress had taken loans from a lot of people and agencies. Beyond that, Sae Ron's family's financial situation was also severely affected, adding to the actress' list of issues. Kim Sae Ron riddled with debt; reports confirm As per recent court records obtained by SBS Entertainment News, the late actress Kim Sae Ron had been in a lot of debt in the years leading up to her untimely demise. The 'Guitar Man' actress was listed as one of the 20 creditors in her father's bankruptcy case. The debt listed in the 2020 case amounted to approximately 200 million KRW. Beyond that, the actress had also invested in a family restaurant along with the help of her acquaintance. The restaurant started off in 2021, but due to financial difficulties within the firm and underperforming issues, it had to be shut down last year. Sae Ron lost her entire deposit amount on the restaurant, as it was closed before the official date for the contract expiration passed, as stated by the restaurant's owner. The DUI case caused major setbacks in his career The actress had already been suffering from a lot of financial turmoil. In 2022, the 'Mirror of the Witch' actress got into a DUI accident, which ended up causing a lot of issues for her. Sae Ron's career was directly affected, and she even faced a lot of public backlash as well. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo During the case proceedings for her accident, her lawyer had also quoted that 'She is the head of the household in her family. Not only her, but her family is also struggling financially.' Owed money to a lot of acquaintances and agencies What also added to the actress's financial difficulties is that she had taken loans from a lot of people. She allegedly owed debt to singers, actors, and athletes, as well as former agencies. Including these debts along with her bankruptcy case, the actress was under major financial distress of up to 1.20 billion KRW. The case surrounding Kim Soo Hyun and the late Kim Sae Ron continues These reports have come to light amid the ongoing dating scandal case of actor Kim Soo Hyun and the late Kim Sae Ron. After her sudden demise due to suicide, the latter's family had alleged that Soo Hyun had dated Sae Ron when she was a minor. They also alleged that the actor and his agency had been trying to extract money from the celebrity as well.
Pink Villa
3 days ago
- Entertainment
- Pink Villa
Kim Sae Ron bore family's 1.2 billion KRW debt at 20 amid Kim Soo Hyun dating scandal, new claims surface post-death
New information has surfaced about the immense financial and emotional struggles late Kim Sae Ron quietly battled for years. Despite her fame and early success as a child star, the actress reportedly carried a heavy financial burden. It was tied to both her family's misfortunes and personal setbacks. Father's bankruptcy Kim Sae Ron had been facing prolonged financial instability, largely stemming from obligations to her family. It is confirmed through court documents that the actress had taken on a portion of her father's debt during a particularly difficult period for her family. In 2023, official records listed her as one of the creditors in her father's personal bankruptcy case. It was a result of a failed business venture that left him owing significant sums to over 20 creditors. Her father's bankruptcy filing dates back to December 2020, when Kim Sae Ron was only 20 years old. Reports indicate that the debt exceeded 200 million KRW (around 147,000 USD). Failed business venture Kim Sae Ron' s attempts to invest and create a stable financial foundation also appear to have ended in disappointment. In 2021, she was reportedly involved in establishing a small restaurant business through an acquaintance. The business was registered under someone else's name. However, insiders confirmed that she not only financed a large portion of the startup costs but also leveraged her celebrity connections to promote the restaurant. Despite her efforts, the restaurant failed to gain traction and ultimately closed its doors in 2024, well before its contract was set to expire. The building's landlord disclosed that the closure resulted in the forfeiture of the full deposit due to months of unpaid rent and maintenance fees. It compounded the actress's financial losses. Post-DUI struggles Kim Sae Ron's situation further deteriorated following her DUI incident in 2022, which significantly impacted her public image and career opportunities. During her court trial, her lawyer described her as the financial head of the household. She was responsible not only for supporting herself but also her family members. It was during this period that many of her financial difficulties became more publicly known. Sources indicate that after her DUI case, she found it increasingly challenging to secure acting jobs, which in turn affected her ability to manage debt repayment. Her income was further limited by halted brand endorsements and ongoing legal costs related to the DUI case. Borrowing from friends, celebrities, and former agencies In addition to family-related debts and business losses, Kim Sae Ron reportedly relied on personal loans to stay afloat. A report by SBS Entertainment News revealed that she had borrowed money from various acquaintances within the entertainment and sports industries, as well as from former management agencies. These included actors, singers, athletes, and close friends who tried to support her during times of need. Combined, her outstanding debt had reportedly reached a staggering 1.20 billion KRW (approximately 882,000 USD) at the time of her death. Relationship controversy Alongside the financial revelations, Kim Sae Ron's name has recently been tied to a growing controversy involving actor Kim Soo Hyun. Allegations have circulated claiming the two had been in a long-term relationship that began while she was still underage. According to these claims, the two allegedly dated for six years. In response, Kim Soo Hyun has denied these accusations. He states that the relationship lasted only one year and began after Kim Sae Ron became an adult.
