BTS member Jin recently bought a building in the Hannam area of Seoul, previously owned by the family of former Ourhome Chairwoman Koo Mi Hyun, for 9.6 billion won ($7.2 million). Gu and her children bought the property for 6.8 billion won ($5.1 million) last July, shortly after the sale of her controlling stake in Ourhome, and carried out major renovations. The building was renamed “JINI” immediately after the sale.
Jin bought the Hannam-dong commercial building on November 4th from Koo, her children Lee Seok Ju and Lee Gyeong Ah, according to the real estate industry and property registry records. The building has one basement level and four floors above ground, with a gross floor area of 303 square meters. It was completed in May 1990.
Koo’s family bought the building for 6.8 billion won last July and completed major renovations on November 3rd, one day before ownership was transferred. They have resold it for 2.8 billion won ($2.1 million) more after about a year and four months.
All floors of the building are currently understood to be vacant. The building register classifies it as a neighborhood living facility, a designation that allows for commercial and business uses such as restaurants, retail shops and offices. Interior finishing work is underway at the site. When the building was previously put on the market, its corner location on a main road near upscale residential complexes such as Hannam The Hill and Nine One Hannam was promoted as suitable for a flagship store or gallery.
Gu’s family sold their stake in Ourhome to Hanwha Group in May last year. At the time, Koo transferred a combined 58.62% stake in the company, held with her older brother, former Vice Chairman Koo Bon Sung, and her children Lee Seok Ju and Lee Gyeong Ah, to Hanwha Hotels & Resorts for a total of 869.5 billion won. Koo and her two children later jointly bought the Hannam neighbourhood building, holding 50%, 15% and 35% stakes, respectively.
Specific plans for the building have not been confirmed. In addition to his music career, Jin has invested in the agricultural corporation JINI’S LAMP alongside Paik Jong Won, CEO of The Born Korea, and is involved in the liquor business. JINI’S LAMP launched its liquor brand IGIN in December 2024, followed by the premium fermented liquor OnTheLAMP in August this year. The building was renamed “JINI” on the 5th, shortly after Jin’s purchase.
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