Lee Seung Gi and Baekhyun have been caught up in an unexpected housing complication after the luxury residences they lease were seized by the National Tax Service due to unpaid taxes linked to their agency CEO.
According to The Fact on January 22nd, the National Tax Service seized multiple high-end residential units in Seoul’s Hannam-dong owned by Cha Ga Won, CEO of One Hundred Label. A seizure indicates an intention to forcibly collect delinquent taxes through the sale of the property. The scale of the action suggests that Cha is considered a high-risk or repeat tax delinquent.
Compounding the issue, a major domestic e-tech company filed for provisional seizure of all four units owned by Cha at the same Hannam-dong complex. The Seoul Central District Court approved the request on January 20th, placing additional legal restrictions on the properties.
Lee Seung Gi and Baekhyun are tenants in the complex, having signed large lump-sum lease agreements valued at approximately 10.5 billion KRW (approx. 7.1 million USD) and 16 billion KRW, respectively. Both reportedly took out personal loans—about 7 billion KRW for Lee and 10 billion KRW for Baekhyun—to secure their contracts.
If the properties are auctioned, tenants may face difficulties recovering the full amount of their deposits in cases where the property’s market value is similar to, or lower than, the combined total of outstanding loans and deposits.
With all four units now under provisional seizure, concerns are growing that the two artists could be forced into complex legal proceedings to protect their deposits, despite having no involvement in the underlying tax or management issues.
Industry watchers also warn that the fallout could extend beyond real estate, raising concerns about unpaid settlements to artists and delayed wages for employees across One Hundred and its affiliated labels.
>> Lee Seung Gi and Baekhyun Could Lose Millions? Financial Risks Raised Over Their Housing Deposit
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