Actress Im Ye-jin was shocked to learn that the current share value of the Jeju Island land she bought for 50 million won is only about 820,000 won.
On Thursday, YouTube channel 'Im Ye-jin IC' released footage of Im Ye-jin visiting the Jeju Island land she purchased more than 10 years ago for the first time.
In the video, Im said, “I have a piece of land I bought in Jeju Island several years ago. A younger sibling I like and trust said they were buying land in Jeju Island, so I asked them to buy a plot adjacent to it and purchased 50 million won worth.”
Im, who did not directly inspect the land at the time, said, “My sibling was spending a lot of time looking around and studying, so I secretly thought I would benefit from that,” adding, “I didn’t look into anything. Land doesn’t lie. Land is land.”
She continued, “I thought I would nurture it well and later use it as a dowry for my child’s marriage or sell it for my own use,” adding, “Isn’t it said that money in the bank is easy to take out, so you should bury it in land?”
However, the road to finding the land was different from what she had expected. As mountain paths continued, Im Ye-jin said, “We are going deep into the mountains,” and worried, “They said it was residential land? I heard it was a subdivision of residential land.”
An official at a nearby office met on site stated that the area is a stone quarry, explaining, “Land prices here are very cheap. There is nothing to bring in. It is about 100,000 won per pyeong.”
According to this official’s explanation, the value of 100 pyeong of land would be approximately 10 million won. Im Ye-jin, who had invested 50 million won, could not hide her bewilderment at the market price being lower than expected.
A greater shock came when she checked the land registration documents. The documents stated that “the number of registered owners exceeds 178.”
The entire 1,400 pyeong (4,628 square meters) of land was jointly owned by numerous owners. Based on the local official’s explanation of 100,000 won per pyeong, Im Ye-jin calculated the value of her share, which came out to approximately 820,000 won.
Im called a friend who is a real estate expert and confided, “I bought land a long time ago but have never been there, it is unclear, no taxes are coming out, and it is strange. I heard this place is a quarry. When I pulled the registration, there were too many owners.”
Hearing the situation, the friend said, “You were scammed by planned real estate,” adding, “You can think of it as a place where birds come to live. It doesn’t sell.”
The friend continued, “Why on earth do you buy such things? Forget about it. If you don’t forget, you will need blood pressure medication,” expressing regret.
in ENTERTAINMENT
