The founder of SM Entertainment, one of Korea’s largest K-pop agencies and home to artists such as EXO, NCT, aespa, Super Junior and TVXQ, has reportedly won a luxury apartment in Seoul worth 5 billion ($ 4 , 3 million) to a Korean reporter working for a well-known American TV news outlet.
According to a report by the Korean news site Chosun, Lee Soon-man (69) of SM Entertainment gave the apartment to the reporter, who is in his 50s, who works for the Seoul branch of the American broadcasting company which includes the US, Singapore, Hong Kong and South Korea. She published a book and recently hosted an event attended by Lee Soo-man.
Lee Soo-man’s donation to the reporter, which took place in March, is an apartment at Sangji Caelum’s Ritzvil in Cheongdam, Gangnam, described as a luxury villa, with an exclusive area of 196.42 m.
Lee Soo-man bought the apartment for 3.89 billion won ($ 3.38 million) in July 2015. He is the largest shareholder in SM Entertainment with a stake of 18.73 percent.
A person who knows the relationship between the two, told Chosun that “I know the executive producer has been [the reporter] long time after he lost his wife long ago. Lee Soo-man’s wife, Kim Eun-jin, died on Sept. 30, 2014 after fighting cancer.
Regarding the luxury apartment, a rep from SM Entertainment told Chosun, “This is completely unrelated to SM. We can not confirm it.”
The reporter published a book last year and attended a conference in the sector this year. She has posted about SM Entertainment artists on her social media accounts.
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