Business · Companies · 1 hr ago
Ock Joo-hyun’s Hannam The Hill home faces court auction
A Seoul court has started auction proceedings for a home owned by singer and musical actor Ock Joo-hyun.
The property is in Hannam-dong, Yongsan District, and is part of the Hannam The Hill complex.
Ock signed a contract to buy it for 19 billion won in May last year and registered ownership in April this year.
A lender requested the auction over a claim of about 2.17 billion won, and the property has four registered mortgages with a combined maximum claim amount of 23.7 billion won.
The actual debt and reason for the request are not known, so the claim amount does not establish how much Ock owes.
The court has not set an assessed value or sale date, as the case is still at the opening stage.
The auction could be withdrawn if the debt is paid or the parties reach an agreement.
A Seoul court has opened an auction process for singer and musical actor Ock Joo-hyun’s Hannam The Hill home.
The application was filed by Korea Financial Asset Management Daebu, seeking about 2.17 billion won.
The house has four registered mortgages with a combined maximum secured amount of 23.7 billion won.
The specific debt and reason for the application have not been confirmed.
The auction is at an initial stage, and no appraisal value or sale date has been set.
- Who
- Ock Joo-hyun, a former member of Fin.K.L and a musical actor, owns the home. Korea Financial Asset Management Daebu applied for the auction.
- What
- A Seoul court opened a voluntary auction process for the home.
- When
- The court issued its decision on October 14, 2026.
- Where
- Hannam The Hill, in Hannam-dong, Yongsan District, Seoul, South Korea.
- Why
- The specific reason and the actual debt amount have not been confirmed.
This story does not have two clearly opposing sides.
Ock Joo-hyun signed a contract to buy the home for 19 billion won.
Ownership of the home was registered in Ock’s name.
The Seoul Western District Court issued a decision to open the auction process.
News reports said the auction was at the opening stage, with no appraisal value or sale date set.
- Purchase price
- 19 billion won
- Auction applicant
- Korea Financial Asset Management Daebu
- Amount sought
- About 2.17 billion won
- Registered mortgages
- Four
- Combined maximum secured amount
- 23.7 billion won
- Location
- Hannam-dong, Yongsan District, Seoul