Bi Rain faces real estate business risks amid suspicion of hiding Kim Tae Hee's 2nd affair?

Bi Rain - Kim Tae Hee not only makes the audience admire his acting talent but also respects his left-hand career when he is quite "cool" in the field of real estate business. Korean media recently had an article that attracted attention when related to the valuable real estate that the couple owns.

Earlier, media reported that a building located in Seocho-dong, Seocho-gu, Seoul, owned by Bi Rain had been put up for sale. The male artist put the selling price of the building at about 140 billion won (more than 2.6 trillion VND).

Bi Rain and his wife bought the building for 92 billion won (more than VND1.7 trillion) last year. The building was acquired by a consortium founded by Bi Rain himself, in which he owns 60% of the shares and his wife Kim Tae Hee owns 40%.

According to Park Jong Chan, appraisal expert at Samil Appraisal Company, "Bi Rain bought the building when the real estate market was booming, in line with the trend of low interest rates. It is believed that the purchase was made with a focus on future disposable profits from real estate."

If Bi Rain's futures contract were to trade at 140 billion won, there would be about 50 billion won (more than 930 billion) in market profit. However, Bi Rain's management company, Rain Company, denied selling the building. The agency said: "The fact that the building is for sale is completely untrue. We never talked about our intention to sell it."

According to some Korean real estate industry experts, the sale of Bi Rain's building is unlikely to take place in the market. According to Park Jong Chan, "The price of the building that Bi Rain owns is difficult for individuals to buy. There is a high probability that institutional investors will also avoid buying it at a time when property prices are declining due to rising interest rates and an economic slowdown. It is very difficult to sell for the reported amount."

Kwon Do Hyung, a real estate agent commented, "Bi Rain and Kim Tae Hee bought the building with the possibility of price appreciation amid a booming real estate market with low interest rates, but now a period of stagnation of the real estate market with high interest rates, so selling at an ideal price is unlikely."

Experts also noticed that the Bi Rain couple's building was at risk. Park Jong Chan pointed out, "Small increases in rent and rising interest rates seem to be reducing income output. They may have to worry about reverse leverage." In addition, concerns have been raised about the possibility of increasing vacancy rates as the building's rents are currently at the highest level in the market while the economic situation is unstable.

Kwon Do Hyung said, "Vacancy rates are also increasing in nearby commercial areas. If most of the vacancy in the building becomes a reality, the pair could suffer losses of hundreds of millions of won monthly." The expert added, "The current situation of the Korean real estate market is affected not only by the housing market but also markets such as golf courses, shopping malls and sales, which are considered to generate high profits, are also shrinking."

Park Jong Chan said: "'High prices' can increase the desire to buy real estate and can generate high capital income, but conversely, it can also cause high debt ratios. When buying a property, we need to consider different risks."

Most recently, rumors about the U40-year-old A-list male star who has a wife and children and a CEO go to play golf with two girls in a high-end resort in Japan have been reported by Korean media in the past few days. More surprisingly, all the outing expenses of these 4 people are paid by the CEO with the company's payment card.

However, this information is not too loud because the identity of the A-list male star has not yet been determined. In addition, the identity of the two girls also surprised many people, because they are in their 30s and are working in adult entertainment establishments as employees.

Bi Rain was rumored to be having an affair for the 2nd time.

Until recently, an entertainment blogger surnamed Lee announced the confirmation that this A-list male star in question is none other than Bi Rain that really surprised. Because this is not the first time Kim Tae Hee's husband has been involved in love rumors.

Husband and wife Bi Rain and Kim Tae Hee.

Bi Rain - Kim Tae Hee, or Hyun Bin - Son Ye Jin used to be famous as real estate tycoons, owning many plots of land and buildings "picking gold". Bi Rain herself used to top the list of celebrities who got rich from real estate profits with huge wealth.

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