Kim Woo Bin Buys Former BTS Building for P580 Million

For distinguished Korean celebrities, owning a building in South Korea is a financial milestone. Many Hallyu stars have properties under their name and consider this a substantial investment, including stars like Kim Woo Bin.

The Heirs actor has gone under the spotlight for his recent purchase of BTS’ former office building, where the K-pop phenomenon found its footing in its early years. However, the move was met with divisive reactions from fans.

READ: Kim Woo Bin Buys Former BTS Office Building for $10.7 Million

On June 25, several Korean outlets broke the news of Kim Woo Bin purchasing the former building of Big Hit Entertainment, the company behind BTS, renamed Hybe in 2021. The actor’s agency AM Entertainment confirmed the reports to Star News and Xports News.

According to the reports, Woo Bin signed the real estate contract on March 29, with the transfer of ownership completed within the previous three months. The building reportedly had a purchase price of 13.7 billion Korean won, which is approximately P580 million.

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Located in Nonhyeon-dong in Gangnam, Seoul, the building encompasses around 1,316 square meters, with two underground floors and five above-ground floors. Korea’s Money Today states that Woo Bin had placed a mortgage with the highest bond amount of 7.4 million Korean won and received a loan of 6.2 billion Korean won.

The building was the headquarters of Big Hit Entertainment in 2007 until the company later moved to different locations across Seoul. Currently, Hybe is located in Yongsan District. According to the Money Today report, the original headquarters was leased by Big Hit Entertainment and has then been used by a facility maintenance company.

Netizens React to Kim Woo Bin Buying BTS’ Former Office Building

Kim Woo Bin’s purchase of the building, however, was met with worry by some BTS fans, known as ARMY. The building poses a significant landmark in the early history of the pop juggernauts, and fans often leave messages on its walls as tributes.

Some fans suggested that the building should’ve been instituted as a national landmark, while others expressed their alarm on the potential removal of ARMY’s messages.

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Meanwhile, some came to the defense of Woo Bin, saying that the actor was merely making an investment.

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