Park Joong-hoon Yeoksam-dong building for sale..6 billion → 70 billion 'Jackpot'
Sep 10, 2025
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According to the E-Daily report on the 9th, Park Joong-hoon put 'Tower 432' for sale through a real estate rental company 'Daily Business' where he is the largest shareholder.
Tower 432 is located at the Centerfield intersection of Teheran-ro, a key location in the Gangnam area of Seoul, and Yeoksam Station and Seonneung Station are within walking distance, boasting excellent transportation accessibility and location. Currently, the building is an office building with 14 floors above ground and 4 floors underground, and all floors, including law firms and foreign investment companies, are completely leased.
After purchasing the site for 6 billion won in 2003, Park Joong-hoon spent about 5 billion won in 2014 to complete the large-scale construction with the current 'Tower 432'.
The market expects the sale price of 'Tower 432' to be about 60 billion won to 70 billion won, and in this case, Park Joong-hoon is expected to make tens of billions of won in market profits, including purchase and new construction costs.
The industry is predicting the possibility of reorganizing assets or preparing new investments against the background of Park Joong-hoon's sale of a blue-chip asset 'Tower 432'. An investment bank official told E-Daily "Since we have considered selling it before, it may be our intention to secure funds and make other investments."
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