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Posted by jennywill AKP STAFF Sunday, January 6, 2019

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
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cjnvm Sunday, January 6, 2019 0
Sunday, January 6, 2019

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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NgohiongPuso Sunday, January 6, 2019 2
Sunday, January 6, 2019

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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