"After Cutting Ties with In-Laws, Seunggi Lee Gifts Parents Luxury Townhouse Worth 2.6 Billion Won"

Gift of a Luxury Townhouse in Sinhyeon-dong, Gwangju, Gyeonggi Province

Singer and actor Seunggi Lee has reportedly gifted a luxury townhouse worth approximately 2.6 billion won to his parents.

According to the women’s magazine “Woman Sense” on the 22nd, Seunggi Lee recently transferred ownership of a luxury townhouse in Sinhyeon-dong, Gwangju, Gyeonggi Province, which he had owned for the past 10 years, to his parents.

Seunggi Lee purchased the house in July 2016 for about 1.33941 billion won and held onto it for around 10 years. The townhouse is known to be a property often acquired by conglomerates as a second home or a villa in the metropolitan area.

Seunggi Lee and Dain Lee couple. Human Made

The townhouse is a detached house built on a 416-square-meter (126-pyeong) plot, with one basement and one above-ground floor (total floor area of 289 square meters, 87 pyeong). Considering that another townhouse of the same size in the same complex was sold for 2.6 billion won in July, it is expected that the market value of Seunggi Lee’s townhouse would be at a similar level.

News about Seunggi Lee’s real estate activities has been consistently reported. In September, he attracted attention by purchasing a house in Seongbuk-dong, Seongbuk-gu, Seoul, for approximately 5.635 billion won. In June last year, he also bought about 618 square meters (187 pyeong) of land near the residential area of Jangchung-dong, one of Seoul’s affluent neighborhoods, for 9.4 billion won. He is reportedly building a new detached house on that site. After marrying actress Dain Lee, daughter of actress Gyeon Miri, in 2023, he is currently living in a newlywed home at Lanubo Hannam, a luxury villa in Hannam-dong, Yongsan-gu, Seoul, under a jeonse lease with a deposit of 10.5 billion won.

In April, when his father-in-law, Mr. Lee, who is also the husband of Gyeon Miri, was indicted again on charges of stock price manipulation worth about 14 billion won, Seunggi Lee declared that he would “cut ties.” Mr. Lee was indicted and detained for violating the Capital Markets Act, but was released on bail in September. At the time, Seunggi Lee stated, “After much deliberation, my wife and I have decided to sever ties with her family,” adding, “I deeply regret my careless remarks last year regarding my father-in-law’s case without sufficient review. I sincerely apologize to the victims who may have suffered due to my hasty judgment.”