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Posted by jennywill AKP STAFF 13 days ago

IU accused of using insider information for real estate investment


IU has been accused of using insider information to invest in real estate.

A media outlet reported that IU was one of those who saw profit from GTX (Great Train eXpress). She bought land and buildings in Gyeonggido's Gwacheon back in January 2018 for 4.5 billion KRW (approximately 4 million USD). Since then, the property has increased to 6.9 billion KRW (6.2 million USD), giving her a 2.4 billion KRW (2.15 million USD) profit. Others on the list include CEOs and chairmen, but IU's property increased the most.

A real estate insider said, "The government put out GTX to try to control the real estate, but because of that, the area's real estate prices are rising at a rapid rate. We are worried about people trying to profit from the difference in market prices."

While IU did not do anything illegal, netizens are pointing out that what she did is shady. Without any sort of insider information about the government policies on GTX, IU would not have known to buy land that originally was empty, especially since she spent so much on it.

  1. IU
55 32,270 Share 61% Upvoted

9

cjnvm 13 days ago 0
13 days ago

2nd rate article. IU did nothing wrong and probably has investment consultants to help her invest. The Gyeonggido area was developing rapidly even before her investment in 2018 and it was a no-brainer that real-estate prices would go up due to the development of subways in that area.

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8

NgohiongPuso 13 days ago 2
13 days ago

Who does not do this in real estate? The sad thing about this is... you can never prove that there was insider information... cause for one.... if there was insider information.. I'm pretty sure many people used it not just her... if the accusations were true though...

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0

kyrasi (Banned) 13 days ago 0
13 days ago

Comment has been deleted

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-1

lovyzuz75 (Banned) 13 days ago 0
13 days ago

Comment has been deleted

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5

Mitch1 13 days ago 3
13 days ago

if itś not illegal, then what is the deal? thatś just smart, not shady...damn

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2

SomethingElse 13 days ago 2
13 days ago

It is shady, wheter she did it with insider info or not thats another thing, but to invest in something knowing information that other dont ahead of time it is shady.

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6

nq16 13 days ago 0
13 days ago

then again, the article never said she had any insider info. its just netizens saying "she must have known something" without any proof.

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2

melon 13 days ago 0
13 days ago

well that's what consultants are for. It's not difficult to see which area has potential to grow and where doesn't. For someone like them investing that amount of money I'm sure they do their research and consult enough people before decided to buy a land and build a building. LoL

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3

MC_Kpop 13 days ago 0
13 days ago

I would think she probably just have an investment firm do this for her. It’s happen to lots of high net worth individual but just she is celebrity which sadly make this become unethical.

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2

nanaluvhyunjoong 13 days ago 0
13 days ago

If you can afford to buy a land and building you'll do the same. Everything in this world become expensive now, if you have a chance you need to grab it

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1

yoo_seojin 13 days ago 0
13 days ago

To anyone who even thinks this is shady, this is such a joke. Investments are all about information. You're not going to spend thousands and millions on something that you don't believe will yield you a greater return. Call it "inside information" but there is nothing wrong with having prior knowledge in something you choose to invest in.

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1

dooda 13 days ago 0
13 days ago

I see this as being a smart move and I don't know what is the problem. This is how business works. it is about information and opportunity

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1

big_bang_forever 13 days ago 3
13 days ago

So what's the problem.... People who could not have made the same purchase and thus are not involved in the completely legal situation are getting salty? Out of spite, hate or jealousy

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1

Claudia_Palacio 13 days ago 2
13 days ago

maybe she did´t anything illegal, but she did is not ethical, especially com from someone who lives by his innocent image.

Even in the past he had done an interview in he said he did´t need more money and that getting more would make him lose the reality of the value of money, is just a little hypocritical.

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0

melon 13 days ago 1
13 days ago

Can you please just go to school and improve your English before trying to convince anyone anything.

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0

NgohiongPuso 12 days ago 0
12 days ago

I don't think school can help that guy though...

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1

MaraOphra 13 days ago 8
13 days ago

I didnt understand the article... Can someone explain it to me better plz...?

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3

sunajung 13 days ago 0
13 days ago

It’s kind of like playing the sims. Some people use cheats to get ahead while others don’t and just go and risk it. In this case using cheats is the insider info. So she bought a lot more than the others and she got a bigger pay cut than the others. it’s not illegal but it’s unfair because she knew that the profit would spike while the others didn’t.

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1

zadeepzone 13 days ago 6
13 days ago

She used connection in the government to buy lands that soon be more valuable because of new high speed train that will connect the area.

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6 more replies

0

LittleSukie 13 days ago 0
13 days ago

I mean,if I were paying 4 milion for a land I would make sure I knew every God damn detail about it.Isn't it what we mortals do when buying real estate anyway?She is celebrity and netz are waiting for every opportunity to jump her bones.Hypocrites.

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0

ZRBUZZ (Banned) 13 days ago 0
13 days ago
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0

littlejeons 13 days ago 0
13 days ago

also what she did is not illegal, so why are the netizens bashing her??

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0

littlejeons 13 days ago 0
13 days ago

:(( i still love iu ok

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0

lacreme 13 days ago 0
13 days ago

What insider information? IU did nothing illegal. She bought land not stocks so there is no insider information to talk about. If the land price shot up, it's not her fault and she didn't violate any law here.

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0

jinpnk 13 days ago 0
13 days ago

This happens all the time though with land and people. Just cause she is a celebration people are going to be salty. So what if she had inside information ( if it is true)? I wish I had the money and inside information for things like this. It's not shady it's how life works. You need to know people to get ahead. Welcome to reality people it will never change. I feel bad for her that she is going to get dragged for this.

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0

KpopDani 13 days ago 0
13 days ago

I don't see what is wrong in what she did. If she wants to buy land to make profit then that's her business. Let her make her money

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0

dooda 13 days ago 0
13 days ago

No seriously, just because she celebrity and not a CEO or whatever to do with the government she gets all the hate. So being a part of the government allows you to buy the land by best value but she isn't allowed what sense is that people?

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0

elfinkyy 13 days ago 0
13 days ago

Sooooo netizens are accusing IU of using insider info just because her building she bought went up in value????

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0

melon 13 days ago 0
13 days ago

So???????

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0

JJiB 13 days ago 2
13 days ago

Allkpop, please retrain this editor or copywriter before you let her publish anything to the public. Re-educate her to do in-depth research while preparing any articles that might have potentials to harm people.


Just a quick search on naver generates this:

https://m.news.naver.com/read.nhn?mode=LSD&sid1=10...

C is a total of 45.8 km connecting Geumjeong ~ Gwacheon ~ Yangjae ~ Samsung ~ Cheongnyangni ~ Kwangwoondae ~ Changdong ~ Uijeongbu . If it passes preliminary feasibility study within the year, it will start construction in 2019 with the aim of opening in 2024.

(news released on July 2017)


move on peeps!

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-1

Claudia_Palacio 13 days ago 1
13 days ago

but she just bought the land with better value, how was she going to know what to buy if someone did not tell her anything?

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1

pchromo4 13 days ago 0
13 days ago

she bought the land in january 2018. that article is from 2017. I'm sure IU has real estate consultants but everything is public information.

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0

pablo27 13 days ago 0
13 days ago

It's shady af... but I like it... in fact, I love it. And IU too.

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-1

kizaru_hijin 13 days ago 0
13 days ago

and akp once again proving how they do their work, using such bullshit to write articles just to start wars and get some clicks and comments...

there is absolutely nothing wrong with anything here. using insider information for investing in real estate is a smart move, its a lot of money and you have to be sure first, if you want to do that.

and like in the other article, nothing wrong with investing it for profit, most people do that, as if there is someone who buys such big buildings for themselves to keep it. only ones are the ones who want to make an office there, but even those dont buy buildings usually, but they rent it.


shows how youre still as pathetic as ever to resort to such articles with such bullshit, because you cant get your clicks and comments in an honest way...

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-2

JoseIU (Banned) 13 days ago 3
13 days ago

There was no prove that IU use insider information and you all are already accusing her like she is guilty already. Wow I am amaze by the due process of the law in your country. Hate to be living there. Tipical band wagon hating by people with no life.

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0

Claudia_Palacio 13 days ago 2
13 days ago

mmm..., It is evident she knew something, in other articles is said that land had a prohibition to build, but 3 months after she bought it, the prohibition was freed, if she did not know anything, she would have never been able to do anything with that land, yes, Of course someone told him that the price of land would increase even if you do not have proof, you have to be a fool not to realize that she knew something, who would spend so much money on a piece of land that can not be built?

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2

pchromo4 13 days ago 0
13 days ago

IU bought a building, not undeveloped land. Do your research instead of trusting biased articles and translations. all real estate is public records.

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0

melon 13 days ago 0
13 days ago

Her family has a office there. She bought a empty land that has nothing on it? Give me your source.

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-2

Pink_Lisa 13 days ago 10
13 days ago

If its not illegal then whats the problem? So what if it's 'insider information' if she found out a way to profit off of something and its legal then theres no problem. It's not shady either.

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0

SomethingElse 13 days ago 9
13 days ago

It is shady, wheter she did it with insider info or not thats another thing, but to invest in something knowing information that other dont ahead of time it is shady.

Sure its not iliegal but its not fair for other individuals.

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0

Pink_Lisa 13 days ago 1
13 days ago

Theres nothing wrong with her doing this, at all. She doesn't need to share any information with anyone and if you think she does because "it isn't fair," then thats a personal problem.

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SomethingElse 12 days ago 0
12 days ago

Know we know that she did not use insdie information but if she did it would be wront and dishonest, BUT thats not what i was saying, what i was saying that the act of using inside information its the shady thing i was not accusing her of anything

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0

Queeeenie 13 days ago 1
13 days ago

There is no evidence to show she did have insider information though. Netizens are literally speculating. This isn't like buying stocks, what even is this 'insider information'?

It's perfectly fair. If people want to hire consultants for this sort of thing, they can, no one is being under cut here



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SomethingElse 12 days ago 0
12 days ago

Now we know she did not use inside infromation but Just a reminder i did not accuse her of anything, and no inside infromation its not fair.

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-2

pablo27 13 days ago 4
13 days ago

It's shady af and pure genius. The world isn't fair and any advantages one can gain is to be used to the fullest. As has been said, she did NOTHING illegal. Possessing info that will be used by others if they ever got a hold of it and not use it is stupid. I'd rather be shady with money than stupid poor but fair. World doesn't work that way.

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