IU Strongly Denies Real Estate Speculation Allegation
- 이소연 2019.01.09 10:24
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South Korean singer IU has released photos in the middle of an allegation regarding her land investments and mentioned of legal action.
According to a media as of January 7 quoting a source in the real estate industry, IU has purchased buildings and land worth of 4.5 billion won worth in Gwacheon, Gyeonggi Province. In particular, the prices of buildings and land she purchased has increased by 2.3 billion won to 6.9 billion won, raising doubts about real estate speculation.
The word "real estate speculation" had big repercussions. After the report, she was immediately embroiled in controversy, and a netizen even submitted a petition "Please investigate IU's land speculation in Gwacheon to the online petition system.
It was a short time, IU has suffered a big blow to the her image. As an artist, she has been doing good deeds and was loved by public. According to a source, she bought the building not for speculation but for her private work place and her mother's office. She has no intention to sell the building and strongly denied the 'speculation'.
written by Lee Jeong Ho
Translated by Lee So Yun
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