] SK Group
Chairman Chey Tae-won
has shifted his residence to Hannam-dong in the neighborhood of three other heads of conglomerates, Samsung
, according to a local media report on April 7.
|Samsung Chairman Lee Kun-hee’s residence/Herald Business Superrich Team|
Chey purchased the 887 square meter house in the posh residential area near Han River in February 2016 and moved in after renovation. The two-story house, with three floors belowground, belonged to late Kumho Group Chairman Park Seong-yong.
The house is next door to that of LG Chairman Koo Bon-moo and about 200 meters from Samsung
Chairman Lee Kun-hee
’s residence, the second most expensive residential property in Korea. The Land Ministry has estimated it to be worth 13.6 billion won (US$11.94 million). Hyundai Motor Group
's Chung Mong-koo
's Suh Kyung-bae
and Kumho Asiana’s Park Sam-koo are among the other business tycoons residing in the area.
By Hwang You-mee (firstname.lastname@example.org