April 19, 2024

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[THE INVESTOR] SK Group Chairman Chey Tae-won has shifted his residence to Hannam-dong in the neighborhood of three other heads of conglomerates, Samsung, Hyundai and LG, 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, Amorepacific'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 (glamazon@heraldcorp.com)