Credit: Gold Medalist
Kim Soo Hyun has reportedly sold one of his three luxury apartments in Seoul’s exclusive Galleria Fore complex, sparking speculation that the move was made to quickly raise cash amid growing legal pressures .
The actor had purchased three units in Galleria Fore: one for 4.02 billion won ($2.9 million) in October 2013, another for 3.02 billion won ($2.2 million) in October 2014 and a third for 8.8 billion won ($6.3 million) in January 2024. Impressively, Kim paid the full 15.84 billion won ($11.5 million) in cash, with no loans.
However, official records show Kim recently sold the unit he bought in 2014 for 3.02 billion won. On July 3rd, he sold the 170.98㎡ (about 1,840 sq ft) unit for 8 billion won ($5.8 million) and made nearly 5 billion won ($3.6 million) in profit over 11 years.
The timing suggests the sale was made under pressure. The unit was never publicly listed, but Kim sold it on June 27th, just days after advertisers sued him for 12 billion won and two of his other properties were seized.
So far, five advertisers have filed suit, with total claims amounting to 7.3 billion won ($5.3 million) . Each case cites violations of the so-called “morality clause” in their endorsement contracts following recent controversies involving the actor .
On top of the lawsuits, companies have also begun to freeze Kim’s assets. On May 20th, medical company Classys received approval to freeze 3 billion won of his real estate. Then, on June 18th, Cuckoo Electronics’ Malaysian branch froze another 100 million won.
Two other companies have also filed lawsuits. From Bio Co Ltd is suing Kim and his agency, Gold Medalist, for 3.96 billion won ($2.9 million). In April, Trendmaker, the company behind the Dinto beauty brand, also sued for nearly 500 million won ($360,000) just one month after ending their contract with him.
Kim still owns two apartments in Galleria Fore, but as lawsuits and contract cancellations pile up, many wonder if he will be forced to sell more property soon.
Kim Soo Hyun Faces $2.2 Million Asset Seizure Amid Ongoing Legal Battle
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