Min Hee-jin’s high-rise apartment in Seoul’s Yongsan-gu, once purchased for ₩1.645 billion, is now estimated to be worth up to ₩5 billion and has become a focal point in the ongoing legal dispute with her former employer, ADOR.
Recently, ADOR filed a legal request to freeze one of Min’s assets amid a ₩500 million financial claim, which the Seoul Western District Court approved. The property in question, located in Ichon-dong, Yongsan-gu, was bought by Min in September 2019. In just six years, its value has nearly doubled to around ₩3.2 billion, with future projections as high as ₩5 billion post-redevelopment.
Real estate experts attribute the apartment’s rising value to its prime location and redevelopment potential. The complex, nearly 50 years old, is set to be reconstructed into 30-story towers, and its position along the Han River offering permanent river views boosts its desirability and investment appeal. The specific unit owned by Min is estimated to be around 34 pyeong (approximately 112 sqm), with recent market prices ranging from ₩2.9B to ₩3.2B depending on the floor level.
A nearby real estate agent noted the redevelopment plans have already passed the management disposition approval stage, awaiting final approval from the Yongsan District Office. They added that following the trend of premium complexes like Raemian Caelitus nearby, a ₩5B valuation post-reconstruction seems highly likely.
ADOR’s claim stems from an incident during Min’s tenure as CEO, involving a staff member who handled NewJeans’ styling. This individual allegedly accepted external styling payments directly from advertisers, leading the National Tax Service to classify ₩700 million in revenue as taxable corporate income for ADOR, resulting in penalties. ADOR holds Min partially accountable and is seeking compensation, prompting the asset freeze.
Min, who also owns a multi-family home in Yeonnam-dong, Mapo-gu, previously revealed her legal fees amounted to ₩2.3 billion and that she was considering selling property to cover costs. Her villa in Yeonnam was already subject to a ₩100 million provisional seizure in late 2024, following a lawsuit filed by a former ADOR employee over defamation and privacy violations.
The newly revealed Yongsan property helps clarify questions previously raised about her financial means. At a 2024 public event, Min herself admitted, “The legal fees came to ₩2.3 billion… I might have to sell my house.”
In response to the asset freeze, Min’s side has stated that they haven’t yet received formal documentation from the court. They plan to review the case details and may file an objection or take legal action, emphasizing that the matter cited by ADOR was already dismissed by police.
Legal professionals clarify that asset freezes become effective upon property registration, and the debtor is notified afterward. Thus, even without receiving formal notice, the freeze is legally valid—suggesting Min’s legal team may be misunderstanding procedural norms if they challenge the freeze’s legitimacy on these grounds.
Sources: Daum
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