SEOUL — For South Korean celebrities, making headlines for property investments has long been a sign of success.
The global popularity of Korean movies, television and K-pop has allowed A-listers to rake in cash and purchase properties in Korea’s most coveted locations.
But stars such as actors Kim Tae-hee and Ha Jung-woo have reportedly sold those properties in recent months. Industry watchers have called the offloading “profit-making moves” before the government’s stricter real estate rules on non-residential properties take effect.
And their moves apparently paid off.
Kim, who purchased a five-story retail property ne…
Keep on reading: Why are Korean celebrities selling their multimillion dollar properties?