Gangnam’s second home use zone, launched an apartment … 800 million won profit forecast



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President Moon Jae-in appointed Lee Yong-gu Vice Minister of Justice on the 2nd. Photo shows Vice Minister Lee's comments at a briefing on the extermination of preferential treatment for the entire legal profession held at the Office of the Senior Prosecutor in Seoul in Seocho-dong, Seocho-gu, Seoul, when he was serving as head of the Ministry of Justice on March 17, 2020. [연합뉴스]

President Moon Jae-in appointed Lee Yong-gu Vice Minister of Justice on the 2nd. Photo shows Vice Minister Lee’s comments at a briefing on the extermination of preferential treatment for the entire legal profession held at the Office of the Senior Prosecutor in Seoul in Seocho-dong, Seocho-gu, Seoul, when he was serving as head of the Ministry of Justice on March 17, 2020. [연합뉴스]

It is reported that while attorney Yong-gu Lee (56, 23rd Judicial Research and Training Institute) appointed as the new assistant attorney general, owned two apartments in Gangnam, amid the controversy over people with multiple households, sold an apartment for sale. If a transaction is made, the nominee will get more than 800 million won in market profit after 4 years of purchase.

According to the real estate industry of the day, the nominee sold an A (104.01㎡) apartment in Dogok-dong, Seoul, on behalf of his wife. The price this nominee asked for is 1.69 billion won. This spouse purchased this apartment in February 2016 for 840 million won. It is in the situation where I already had apartment B (126.31㎡) in Seocho-dong.

Currently, there are 3-4 products of the same size for sale at the real estate near Apartment A, and the price is up to 1.75 billion won. A nearby real estate official said, “About 1.69 billion won seems to be an appropriate price.” Recently, it was discovered that a sale of the same size sold for 1.65 billion won.

There are currently tenants (1.2 million won per month) in the home offered by this nominee. The contract period is until 2022, and the real estate industry evaluates that it was sold at an adequate price because it was impossible to move out immediately. If the nominee’s sale of the apartment is successful, the nominee is expected to earn a market margin of 850 million won in more than four years.

As of March, the nominee reported the highest amount of assets of 4.08906 million won by the Ministry of Justice. This includes land (forest and night) in Yongin, Gyeonggi-do worth 300 in the name of the person, his wife, and two daughters, and a deposit of 1.6 billion won. As for vehicles, he has a Grandeur and an Audi A6 as property.

Since this candidate holds the position of Vice Minister, the Ministry of Justice is expected to hold the Disciplinary Committee of Attorney General Yoon Seok-yeol on the 4th as scheduled.

Reporter Oh Won-seok [email protected]




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