Cho Jungseok Makes 7.1 Billion Won Market Gain from Real Estate Investment
Jun 17, 2025
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According to the real estate industry and the Korean economy on the 17th, the Daechi-dong building owned by JS Company, established by Cho Jung-seok, was sold for 11 billion won on the 4th.
Cho Jung-seok purchased the building for 3.9 billion won in 2018 and then built a new building in February 2020. Even considering the construction cost paid from the market capitalization profit of 7.1 billion won, the net profit of the transfer is 5 billion won to 6 billion won, according to the media.
Located between Daechi Station on Subway Line 3 and Hanti Station on Shinbundang Line, the building is about a nine-minute walk, with a land area of 224.6㎡ (67.94 pyeong) and a total floor area of 710.71㎡ (214.98 pyeong), with a floor area of 1 basement level to 6 ground floors.
Currently, English academies are renting and using all floors, and according to real estate industry officials, the deposit for the building is 150 million won and the rent is 28 million won.
Meanwhile, Cho Jung-seok established a one-man agency, JS Company, in 2018, and moved to Jam Entertainment a year later.
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