ALBAWABA - Recent reports indicate that Blackpink star Jennie purchased a building that was formerly used as the Iraqi Embassy in Seoul for a whopping 20 billion won (approximately $13.9 million) in cash.
According to the Chosun Daily, citing the Ministry of Land, Jennie acquired the building located in Dongbinggo-dong, Yongsan district, on May 24 last year.
Blackpink's Jennie buys former Iraqi Embassy in Korea for $13 million
Moreover, several reports claim that the land itself was the most expensive at 19.8 billion Korean won ($13.8 million), compared to the building, which only cost 100 million won (US$70,000).
The Ministry of Land also revealed that the Blackpink star purchased the land in full without loans. The northern Dongbinggo-dong is populated with many foreign buildings, including the Libyan and Hungarian embassies. The transfer of ownership process was completed on December 3, later in the year.
According to JoongAng Daily, Dongbinggo-dong, located near Hannam New Town, is currently undergoing extensive redevelopment. Hannam-dong is considered one of South Korea's wealthiest and most luxurious areas, making it the heart of many K-drama series and a reference in K-pop songs.
