[HanCinema's News] Jung Woo-sung and Lee Jung-jae Buy Thirty Million Dollar Building
By William Schwartz | Published on
Major actors Jung Woo-sung and Lee Jung-jae were recently revealed to be real estate dollars in a major real estate deal. According to recent reports, Jung Woo-sung and Lee Jung-jae purchased a thirty million dollar building back in May. The actors paid about ten million dollars in cash, five million dollars apiece, with the other twenty million dollars being acquired through loans. The two are legally considered the joint owners of the property.
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The property is purportedly close to Apgujeong Rodeo station, measuring three stories tall with a total floor area of 1,419 square meters. Following the release of the report, the agency representing Jung Woo-sung and Lee Jung-jae, Artist Company, confirmed that the two had purchased the property. According to Artist Company, Jung Woo-sung and Lee Jung-jae intend to use the site for producing films and dramas.
Artist Company itself was founded by Jung Woo-sung and Lee Jung-jae back in 2016 for similar purposes. It has been suggested that the site may be intended to be used for the production of the upcoming movie "Hunt" which will be Lee Jung-jae's directoral debut. Artist Company also recently confirmed that Jung Woo-sung would be starring in the film.
Written by William Schwartz
William Schwartz
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea since 2011. Started out in Gyeongju, then to Daegu, then to Ansan, then to Yeongju, then to Seoul, lived on the road for HanCinema's travel diaries series in the summer of 2016, and is currently settled in Anyang. Has good tips for utilizing South Korea's public bus system. William Schwartz can be contacted via william@hancinema.net. He also has a substack at williamschwartz.substack.com where he discusses the South Korean film industry in broader terms and takes suggestions for future movies to review.
