'Star Instructor' Woojin Hyun Earns 33.7 Billion Won in Capital Gains from Nonhyeon-dong Land... The Secret Behind His Investment Strategy

[Financial News] There is analysis that the value of a plot in Nonhyeon-dong, Gangnam-gu, Seoul, purchased seven years ago by star instructor Woojin Hyun (38), has now surpassed 65 billion won as redevelopment begins.
According to News1 and others on the 23rd, Building Road Real Estate Brokerage Corporation announced that in January 2018, Mr. Hyun purchased a quasi-residential roadside plot of approximately 1,034 square meters (313 pyeong) in Nonhyeon-dong, Gangnam-gu, Seoul, for about 32 billion won in his own name.
Located in front of Exit 9 of Hak-dong Station on Subway Line 7, the area around this plot is considered to have steady demand for cafes, restaurants, and offices.
Immediately after the purchase, Mr. Hyun entrusted the building to a trust company and completed the trust registration. It is known that he did so to secure a higher loan limit. The current registered owner is Hana Bank, acting as the trustee.
For about five years, the building was leased to a franchise coffee shop and used as office space. However, demolition began at the end of 2023, and new construction is set to start in September this year, marking the full-scale launch of the redevelopment project.
In April, a similar roadside plot near a subway station in the area was traded at about 2.1 billion won per pyeong. Applying this to the size of Mr. Hyun's property, its current value is estimated at around 65.7 billion won. This means he is expected to realize a capital gain of about 33.7 billion won in just seven and a half years.
Kyunghyun Kim, team leader at Building Road Real Estate Brokerage Corporation, explained, "After acquiring the land, Mr. Hyun used a trust to raise funds and is now proceeding with redevelopment by operating it as a rental for a period, then demolishing and rebuilding. Given the prime location on the main road near Hak-dong Station and the potential for new construction, a high return on investment is expected."
newssu@fnnews.com Kim Su-yeon Reporter