Amidst ongoing legal battles, K-drama star Kim Soo Hyun recently sold one of his luxury apartments in Seoul, sparking speculation that it was to cover lawsuit costs, but insiders reveal the deal was pre-planned.
The $6.1 Million Apartment Sale
Kim Soo Hyun completed the sale of one of his three Galleria Forêt apartments in Seongsu Dong for 8 billion KRW, approximately $6.1 million USD. He had originally purchased the unit in October 2014 for 3.02 billion KRW, netting him a substantial profit of nearly 5 billion KRW over 11 years.
The timing of the sale, just days after a court ruling allowed an advertiser to provisionally seize one of his properties, led many to believe he was selling assets to fund his mounting legal expenses. His legal team acknowledged that advertisers were seeking damages due to the inability to use advertisements following recent controversies.
Debunking the “Rushed Sale” Rumors
Contrary to popular belief, reports indicate that the apartment sale was a long-term plan. According to Allkpop, an insider confirmed that the buyer had been secured last year, suggesting the transaction was not a hurried decision made under pressure.
Kim Soo Hyun’s agency, Gold Medalist, has also consistently denied claims that the actor is facing financial difficulties due to lawsuits. The star still owns two other large units in the same prestigious Galleria Forêt building, one acquired in 2013 and another in 2024.
It’s worth noting that one of these remaining apartments is currently under provisional seizure due to claims totaling over 3.1 billion KRW from a medical firm and a Malaysian client, as reported by Newsen.
Understanding Kim Soo Hyun’s Legal Troubles
Kim Soo Hyun has been entangled in a series of legal disputes and controversies since his reputation was impacted following issues related to Korean actor Kim Sae Ron. A YouTube channel and Sae Ron’s family accused him of a long-term relationship with her, including when she was underage, and linked him to her financial struggles.
During a press conference, Kim Soo Hyun addressed these rumors, confirming a past relationship but firmly stating it did not occur while Kim Sae Ron was a minor. Since then, both parties have filed lawsuits and defamation complaints.
The controversy has led to several brands severing ties with Kim Soo Hyun, with some demanding compensation for damages. His legal team continues to challenge evidence presented by advertisers, claiming some materials are fabricated, which could turn the tables if proven true.
- Kim Soo Hyun sold one of his luxury apartments for $6.1 million USD, making a significant profit.
- The apartment sale was reportedly a pre-planned transaction, not a rushed decision due to lawsuits.
- He still owns two other high-value apartments in the same building.
- Kim Soo Hyun faces multiple lawsuits from advertisers and others following recent controversies.
The actor remains embroiled in a complex legal battle, with his team working to restore his reputation and resolve ongoing claims.
