▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald
검색폼

THE INVESTOR
March 29, 2024

The Boardroom

[PRESIDENTIAL SCANDAL] Choi Soon-sil owns W21b real estate

  • PUBLISHED :November 04, 2016 - 13:55
  • UPDATED :November 07, 2016 - 11:00
  • 폰트작게
  • 폰트크게
  • facebook
  • sms
  • print

[THE INVESTOR] President Park Geun-hye’s embattled confidante Choi Soon-sil owns real estate worth up to 21 billion won (US$18.35 million), according to real estate records compiled by the Herald Business Superrich team.

When including assets Choi has already sold off, the total reaches over 38 billion won. 


Galleria Department Store in Apgujeong-dong, Seoul.



The most expensive piece of property in Choi’s portfolio is Miseung Building, located in Apgujeong-dong, one of Seoul’s most affluent neighborhoods. Miseung is estimated to have an appraisal value of 14 billion won. In 1988, it was worth 3.8 billion won. Choi bought it with two acquaintances who are suspected of being employees at a foundation established by Park’s late mother.

Choi, 60, also owns up to 70,000 pyeong (231,000 square meters) of land in Pyeongchang, Gangwon Province, which will host the 2018 Winter Olympics. She bought the land in 2004, and inherited half of it to her daughter in 2011.

Choi’s sisters also own billions of won worth of real estate all over the country.

Her younger sister Sun-cheon owns 137 billion won worth of buildings in possession of a company she runs named SPlus International that was established in 2012. Choi’s older sister Sun-deuk owns a building in Samsung-dong, Seoul, that has a market price of 25 billion won.

By Herald Business Superrich team and Kim Ji-hyun (theinvestor@heraldcorp.com)



EDITOR'S PICKS