“No debt”… Kim Young-cheol, the story of purchasing an apartment in Cheongdam-dong worth KRW 2 billion 10 years ago for KRW 600 million

Capture from YouTube channel ‘Kim Young-cheol Original’

Comedian Kim Young-cheol revealed the story of how he was able to move into an apartment in Cheongdam-dong.

On the 1st, a video titled ‘The reason why Kim Young-cheol was able to live in a billion-dollar apartment in Cheongdam-dong (all in cash)’ was posted on the YouTube channel ‘Kim Young-cheol Original’.

On this day, Kim Young-cheol brought a copy of his resident registration to explain, saying that when he said he lived in Cheongdam-dong, the reaction of his acquaintances was always ‘Why?’

Kim Young-cheol said, “I was always in Ulsan until I came to Seoul. “When I became a comedian in March 1999, I stayed at my cousin’s house,” he said. “Because I was a rookie, I didn’t get paid much for my appearance. It was not the time to look for a house with a deposit of 20 million won and monthly rent of 300,000 won. He was just 25 years old. “It was 25 years ago,” he recalled.

He said, “Aesook’s older sister posted on April 10, 2000 that she was looking after her younger brother. It was a house with two rooms and a living room in the alley of the driver’s restaurant in Yeonnam-dong. “I don’t remember the deposit of 50 million won and the monthly rent, but I don’t think it was much,” he explained.

He continued, “I saved up money and signed a contract with SM. “It was when the SM Entertainment website was first created, and there were HOT, Shinhwa, Black Beat, Milk, Chu Yeol, Kim Young-cheol, and BoA,” he said, making people laugh.

Kim Young-cheol said, “My mom was more excited when I told her I was signing a contract with SM Entertainment. My eldest sister was planning to buy land and build a house, so I donated tens of millions of won. It was too big for me. “It was a time when I added 30 million won to the house and deposited 50 million won,” he recalled.

Afterwards, he started living in a 44-pyeong Hyundai apartment in Sindang-dong, Jung-gu on a lease basis. He explained that he couldn’t remember the exact amount, but it was around 300 to 500 million won.

Kim Young-cheol said, “I gave all my living expenses to my sister. My older sister looked after me. “In a way, he was my protector,” he said, expressing his gratitude. At the same time, he confessed, “There were times when I was drunk, there were times when I cried, and all kinds of emotions were mixed whether I should just go back to my hometown. It was a time when I was transitioning from the age of 30 to the age of 40.”

Capture from YouTube channel ‘Kim Young-cheol Original’

He revealed that he began receiving help from Kim Saeng-min, a real estate investment genius, and said, “On March 17, 2014, a fateful incident occurred. A lake in the apartment building where I live was up for auction. Saengmin told me to go quickly, so I went with my sister. I wrote what Saengmin told me to write. I wrote down 610 million won. “It was won by a few million won,” he said, surprising people.

He said, “It was 610 million won in 2014, but now the price has risen to almost 1.9 billion or 2 billion won. I try to be nice to Saengmin. Yesterday, my sister said, ‘Shouldn’t you give Saengmin a car?’ He added, “I’m really wondering if I should vote for him,” drawing attention.

Kim Ji-su, online news reporter jisu@segye.com

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