Did Kim Gu-ra's Son Strike It Rich with a Gap Investment Using Money Saved from 'Star Junior Show Bungeoppang'? His Unusual Financial Strategy

[Financial News] Rapper Geuri, 28, whose real name is Kim Dong-hyun and who is the son of TV personality Kim Gu-ra, has drawn renewed attention in the real estate market after revealing an apartment he owns in Guri, Gyeonggi Province. He purchased the property with earnings from his television appearances as a child, using a gap investment strategy.
In content posted on his YouTube channel 'Kim Geuri' on the 2nd, Geuri said, "I earned a lot of money after appearing on the variety show 'Star Junior Show Bungeoppang' for about four to five years during my childhood." He added, "I secured an apartment in Guri, Gyeonggi Province, with three bedrooms and two bathrooms." He went on to explain, "Because of the nature of my profession, my income is irregular, but I was able to afford a home and a car because I had assets that I had built up in advance."
The property Geuri referred to is an apartment in Guri, Gyeonggi Province, whose purchase structure was previously disclosed by his father, Kim Gu-ra, on a television program. According to Kim Gu-ra's earlier explanation, the property was unsold when it was purchased. Geuri acquired ownership through a typical gap investment, using KRW 250 million in cash alongside a tenant's jeonse deposit. After the purchase, development catalysts followed, including the designation of a nearby redevelopment zone and the selection of a contractor for the maintenance project. Its anticipated market value was subsequently discussed at around KRW 1 billion.
By a simple calculation, the property's value was assessed at roughly four times the actual investment of KRW 250 million. After rumors spread that he had "put in KRW 250 million and made KRW 1 billion," Kim Gu-ra provided more details about the purchase, saying, "I bought it for around KRW 500 million with a KRW 250 million jeonse deposit attached." He added, "What I had conveyed was an expert forecast that it could be worth around KRW 1 billion once redevelopment was completed."
The real estate industry views the case as an example of asset management in which earnings from a child celebrity's entertainment activities were converted into tangible assets at an early stage, followed by a leveraged investment in an area with fewer regulations and redevelopment potential. Analysts also note, however, that actual realized returns may vary depending on the pace of the redevelopment project and fluctuations in the property market.

[email protected] Moon Young-jin Reporter