Luxury villas in Hannam-dong’s Lanuvo Phase 1 leased by Lee Seung Gi and Baekhyun have been provisionally seized due to tax delinquency and fraud allegations involving One Hundred chairman Cha Ga Won, raising fears the two celebrities could lose their homes.
Court Seizure of Cha’s Properties Threatens Lee Seung Gi and Baekhyun Financially
The National Tax Service acted after discovering that Cha failed to pay a significant amount of taxes. A domestic company also filed for a court-ordered seizure of Cha’s ownership in the properties, which the court approved, effectively barring her from exercising any property rights over the villas.
Lee and Baekhyun had each signed massive jeonse (lump-sum lease) contracts, worth approximately ₩10.5 billion KRW ($7.17 million USD) and ₩16.0 billion KRW ($10.9 million USD), respectively. Both took out substantial personal loans to fund the deposits. If the properties are auctioned, they could remain responsible for these loans, potentially leaving them heavily indebted and without homes.
Provisional Seizure Raises Concerns About Celebrities’ Finances and Potential Property Loss
All four units in Lanuvo Phase 1 are now under provisional seizure, intensifying concerns about the financial impact on the celebrities. Cha Ga Won, who runs One Hundred and affiliated labels, is also facing a multi-billion-won lawsuit, threatening her real estate holdings and business operations. Experts warn that her mismanagement could affect not just her assets, but also the artists and staff associated with her companies.
As legal proceedings progress, attention is focused on whether Lee Seung Gi and Baekhyun will be able to recover their deposits or face the worst-case scenario of losing their residences while remaining liable for the massive loans. Fans and industry insiders are watching closely, as the outcome could set a precedent for celebrity lease agreements in cases tied to corporate fraud.
