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Fin.K.L's Ock Joo-hyun faces foreclosure auction on $13.3 mil. Hannam-dong home

Ock Joo-hyun, a member of K-pop girl group Fin.K.L and a prominent musical theater actress, has addressed a court decision to begin a foreclosure a...

The Korea TimesHankookilbo查看原文 ↗
Fin.KL 的 Ock Joo-hyun 面临价值 1330 万美元的汉南洞房产拍卖

Ock Joo-hyun’s Hannam-dong home in Seoul faces a court-ordered foreclosure auction as her company says the proceedings are tied to business restructuring and debt settlement. Gemstone E&M said an investment firm is expected to repay the related loans in full. The Seoul Western District Court ordered the auction to begin on Oct. 14, following a request by Korea Financial Asset Management Loan.

Ock purchased the property for 19 billion won after signing a contract in May last year and registering the ownership transfer in April this year.

Korea Financial Asset Management Loan requested the auction with a claim of approximately 2.17 billion won.

Four mortgages were reportedly registered against the home, with combined maximum secured claims totaling 23.7 billion won.

Gemstone E&M said Ock had planned ventures in performances, performance production and education, centered on an existing corporate building in Sinsa-dong.

The company said Ock’s company and the investment firm recently completed a merger and acquisition deal, after which procedures began to settle existing matters, including property-related debt.

Published Oct 30, 2026 2:15 pm KST

Ock Joo-hyun / Captured from Ock's social media

Ock Joo-hyun, a member of K-pop girl group Fin.K.L and a prominent musical theater actress, has addressed a court decision to begin a foreclosure auction of her luxury home in Seoul's Hannam-dong, which she purchased for 19 billion won ($13.3 million).

Gemstone E&M, which represents Ock, said Thursday that the auction proceedings are part of a broader process involving business restructuring and debt settlement.

"Ock Joo-hyun had developed concrete business plans and begun preparations centered around an existing corporate building in Sinsa-dong as she sought to launch new ventures in various fields, including performances, performance production and education," the company said. "During that process, she secured a large-scale investment from a business investment company."

The company said Ock purchased the Hannam-dong property in April as the businesses and investment arrangements moved forward.

"Following the recent completion of a merger and acquisition deal between Ock Joo-hyun's company and the investment firm, procedures are underway to settle existing matters, including debt related to the property," it said.

Ock's representatives said the foreclosure auction is connected to that process.

"The issue involving the auction of the Hannam-dong property is also tied to the process of pursuing the business and settling debts," the company said. "Specific procedures for repayment and debt settlement are currently underway with the investment firm, and under the business plan, the investment firm is expected to repay the related loans in full."

Earlier Thursday, it was reported that the Seoul Western District Court on Oct. 14 ordered the start of a foreclosure auction for the luxury residence owned by Ock in Hannam-dong, Yongsan District, central Seoul.

The creditor that requested the auction is Korea Financial Asset Management Loan, with a claim of approximately 2.17 billion won.

Four mortgages have reportedly been registered against the property, with their combined maximum secured claims totaling 23.7 billion won.

Ock signed a contract to purchase the home in May last year and completed the ownership transfer registration in April this year. The 19 billion won purchase drew attention at the time as it was reportedly the first home Ock had purchased in her life.

This article from the Hankook Ilbo, the sister publication of The Korea Times, was translated by a generative AI system and edited by The Korea Times.

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