Lee Seung Gi and EXO’s Baekhyun May Forfeit Their Multi-Million Dollar Properties
Lee Seung Gi and Baekhyun face major real estate trouble as their luxury villas were seized and frozen over tax fraud allegations tied to One Hundred chairman Cha Ga Won.
The National Tax Service recently took control of multiple Lanuvo villa units in Hannam-dong, Seoul. Cha Ga Won, who owns the properties, is accused of massive tax delinquency. A court also approved a provisional seizure of her ownership stakes, barring her from managing the villas.
Both Lee Seung Gi and Baekhyun signed huge jeonse contracts for Lanuvo Phase 1 units. Lee Seung Gi’s lease was worth ₩10.5 billion KRW (~$7.17 million USD), and Baekhyun’s was ₩16.0 billion KRW (~$10.9 million USD). They took out large loans under their names to cover the deposits.
If these villas get auctioned off because of Cha Ga Won’s financial mess, Lee Seung Gi and Baekhyun could be left with enormous debt and no homes.
With all four Lanuvo Phase 1 units under seizure, the risk for the stars is real and urgent.
Cha Ga Won’s troubles don’t stop there. She’s also facing a tens of billions won lawsuit, putting her companies and artists in jeopardy due to her alleged financial mismanagement.
Many eyes are on this case now, watching to see if Lee Seung Gi and Baekhyun can get their deposits back or if they’ll lose their homes for good.
