Latest news with #SeoHyunJin
Pink Villa
2 days ago
- Business
- Pink Villa
The Trunk's Seo Hyun Jin moves to 1.5 billion KRW apartment amid housing scam, here's how she plans to recover loss
Actress Seo Hyun Jin has found herself entangled in a real estate dispute after falling victim to jeonse fraud. It is a type of housing scam that continues to trap unsuspecting tenants across South Korea. According to court documents disclosed on June 3, Seo Hyun Jin is currently seeking to recover a massive 2.6 billion KRW (approximately 1.9 million USD) deposit tied to a jeonse contract for a high-end villa located in Cheongdam-dong. During this ongoing case, she vacated her former residence and is now said to be staying at a different property she owns. A new home Amid the ongoing legal battle, Seo Hyun Jin has managed to secure a new place to live. She reportedly relocated to an apartment in Oksu-dong, a neighborhood in central Seoul. This property, purchased under her name in 2018, was acquired for 1.5 billion KRW (approximately 1.07 million USD) - paid fully in cash. A deal gone wrong It all started when Seo Hyun Jin entered into the jeonse agreement in April 2020. She put forward a staggering 2.5 billion KRW (around 1.8 million USD) as a lump-sum deposit in exchange for rent-free living for the lease term. It's a common arrangement under South Korea's unique housing system. She renewed the contract in 2022, increasing the deposit by an additional 125 million KRW (about 89,000 USD). This brought her total investment in the property to 2.625 billion KRW. However, when the lease expired in April 2024, the villa's owner failed to return the deposit. Despite repeated attempts to resolve the issue, Seo was unable to recover the funds. It prompted her to take legal steps. In September 2024, she formally registered her lease rights through the court and moved out of the property. Auction offers slim hope of recovery With negotiations stalled, Seo pursued legal recourse by initiating a forced auction of the Cheongdam-dong villa. While the property was officially appraised at 2.874 billion KRW (approximately 2.05 million USD), the first auction round failed to attract a buyer. As a result, the court lowered the minimum bid to 2.299 billion KRW (roughly 1.64 million USD) in preparation for a second auction scheduled for June 17. For Seo, the financial stakes remain high. In order to recoup her full deposit, the winning bid must exceed 2.6 billion KRW. It's a target that may be difficult to reach in today's cooling real estate market. If the final sale price falls short, Seo could suffer a major financial loss.
Time of India
3 days ago
- Business
- Time of India
THIS Korean actress ended up becoming a victim of a scam, losing 2.5 billion KRW to fraud
Popular Korean actress Seo Hyun Jin has become the latest victim of a major financial fraud. The actress, who is well known for her roles in 'The Trunk', 'Another Miss Oh', and 'Temperature of Love', recently lost out on almost 2.5 billion KRW and may also be unable to regain the whole amount as well. Tired of too many ads? go ad free now Seo Hyun Jin falls victim to financial fraud Actress Seo Hyun Jin recently fell victim to a major financial fraud where she managed to lose out on almost 2.5 billion KRW, according to reports from NewsPirit. The report came out on June 2 and revealed that she had filed for a court auction earlier in April. Allegedly according to the reports, the actress revealed that her landlord had refused to give her back the total sum from the key money deposit she made. The actress had been renting a villa in Gangnam, Seoul, whose landlord has refused to return her deposit. According to the key money deposit system that is extremely popular in Korea, the person wanting to live in a property gives a large percentage of the property's total value to the owner. This money is 'loaned' to the owner, who has to return the total sum once the contract is up. According to the reports, evidence from the Supreme Court showed that the actress had submitted the deposit amount back in April 2020. She had initially submitted 2.5 billion KRW to the landlord. The contract was renewed two years later, where the actress had also submitted the difference according to the increased deposit of 2.65 billion KRW. Seo Hyun Jin had registered her leaseholder's rights, yet still after the lease expired last year, the homeowner of the villa refused to rightfully return the deposits she had made. Actress forced to apply for court auction After the amount was not returned to her for quite some time, the actress refused to back out and instead applied for a court auction. Tired of too many ads? go ad free now The initial bid for the villa started off at 3 billion KRW; however, when no buyers showed interest, the actress reduced the price to 2.30 billion KRW. The current bidding amount is much lower than what the actress has paid, indicating that she may not be able to recover all of her funds from the house.
Pink Villa
3 days ago
- Entertainment
- Pink Villa
The Trunk's Seo Hyun Jin becomes victim of 2.6 billion KRW housing scam; all we know about attempts to recover loss
Popular actress Seo Hyun Jin, recognized for her recent role opposite Gong Yoo in The Trunk, is now making headlines for an entirely different reason! An escalating legal and financial nightmare has left her entangled in one of South Korea's growing housing scandals. Multi-billion Won jeonse deposit at the center of dispute According to reports from NewsPirit on June 2, Seo Hyun Jin filed for a public auction in April, 2025. It's to retrieve a substantial jeonse deposit after her landlord defaulted on returning the amount when her lease expired. Records from the Supreme Court confirm that the actress entered into a lease agreement in April 2020 for a villa located in the upscale Gangnam district of Seoul. Under the jeonse system, Seo Hyun Jin initially deposited 2.50 billion KRW (approximately 1.81 million USD). In 2022, she renewed her lease, increasing the deposit to 2.65 billion KRW (roughly 1.92 million USD). Jeonse is a unique Korean rental method where tenants pay a large lump-sum deposit instead of monthly rent. However, when the lease reached its end in early 2024, the landlord failed to return the deposit, despite Seo's legal registration as a leaseholder. With no resolution in sight and the property rights on her side, she initiated legal proceedings in the form of a court auction to recover the money. Property now deemed financially worthless In a shocking development, the property has now been categorized as a 'kkangtong house,' a colloquial term meaning 'tin can house.' It is used to describe real estate that has lost so much market value it is now worth less than the total debt and deposits it carries. Though the villa was initially appraised at around 3 billion KRW, the first round of court-led bidding failed to attract a single buyer. The latest court notice indicates the minimum bid has been slashed to 2.30 billion KRW, still significantly below the amount Seo Hyun Jin had paid. Analysts warn that the current economic climate and plummeting housing values in the Korean real estate market make a price recovery highly unlikely in the near future. As a result, the actress is poised to endure a painful financial loss. Agency responds with caution When contacted by reporters, Seo Hyun Jin 's agency, Management Soop, responded cautiously, stating, 'It is difficult to confirm as it is a matter of her private life.' The agency refrained from sharing whether she intends to pursue further legal action beyond the court auction. Amid this deeply personal financial struggle, Seo Hyun Jin remains committed to her acting career. She is currently preparing to star in the upcoming drama Love Me. It is a Korean adaptation of the Swedish series of the same name.
