The new owner of a building that Soon-Sil Choi passed 12.6 billion won… “Sell 10 billion expensive in 2 years”

Input 2020.12.11 06:00

The Miseung Building in Sinsa-dong, Gangnam-gu, Seoul, which was sold for 12.6 billion won last year by Choi Seo-won (64, formerly renamed Choi Soon-sil), who was sentenced to 18 years in prison for the’Gukjeong Nongdan’ case, was re-sold for more than 10 billion won.-

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Choi sold the building to Tech Data Global, an IT company, for 12.6 billion won in prison in January 2019. In June of the same year, FCN Korea, a small and medium-sized clothing manufacturer, purchased it for 13.8 billion won, and this time it found a new owner for 22.3 billion won, which is about 10 billion won higher. In just one year and nine months, it was resold at a price of 10.6 billion won higher than the amount that Choi sold.

Choi insisted in his memoirs that he had no choice but to dispose of it at a bargain price for bribery charged against him. The actual selling price of Mr. Choi was 63 million won per 3.3㎡ of land, which was cheaper than the nearby market price. In early 2019, the actual transaction price of nearby buildings was about 80 million to 100 million won per 3.3 square meters. Choi sold this building for sale for 25 billion won in 2016, but when it wasn’t sold, he lowered the bid a few times and sold it for 12.6 billion won. There is an impact.

The court also freezes the transaction against the Miseung Building in 2017 with the intent that if Choi’s bribery is convicted, Samsung should give the government about 7.8 billion won in horseback riding support. Considering that the seizure was released immediately after Mr. Choi sold, Mr. Choi applied for a liberation deposit (depositing a certain amount in order to cancel the seizure, etc.) using the intermediate plating of the building, and deposited 7.8 billion won in the court, and then sold. It is very likely that you have completed the contract and received the balance. The additional 6.3 billion won sentenced in June was paid from this deposit and returned to the national treasury.

In June, Choi was sentenced to a fine of 20 billion won and an additional surcharge of 6.3 billion won in 18 years in prison on charges of obstructing the exercise of ex officio abuse and bribery by the Supreme Court in June. The fine of 20 billion won has not yet been recovered. Choi’s side insists that “there is no property to pay the fine.” If the fine is not recovered, Choi could be held in the labor camp for up to three years in addition to the 18-year imprisonment. Previously, Park Young-soo’s special inspection team found that Choi’s family’s fortune amounted to 275 billion won.

Meanwhile, the purchaser of Miseung Building is Chairman Ma Yong-do, the founder of Yongma Electric (currently MagicCom), which is more famous in Indonesia than Korea for’Yongma Rice Cooker’. According to KOTRA’s 2017 data, Yongma Electric entered Indonesia by establishing a local subsidiary in 2001 and quickly dominated the market. In Indonesia,’Magic Com’, one of Yongma Electric’s electric rice cooker products, is said to be used as a term for electric rice cooker.

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