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Posted by jennywill AKP STAFF 15 days ago

IU explains her buildings are not for profit, netizens aren't convinced

IU denied that she had bought real estate in Gwacheon for the sole purpose of making a profit.

Her label told TV Report, "It's untrue that IU bought her real estate for the sake of making a profit. She had no goal of that. The building has her mother's office, IU's personal workspace, and training rooms for hoobaes that IU supports. She has no goals of selling at the moment. There is no way that the difference in price could happen. The 2.3 billion is not correct information, and you cannot sell that neighborhood."

However, netizens are not so convinced. Netizens pointed out that people like IU were contributing to the gentrification of the area, where she would buy the land and make profit off of high rent. One pointed out, "No one is going to say that this was their goal. They would make money by giving out rent." Another said, "Does she think people are stupid? What kind of area jumps in price like that? Is that possible to know without insider information?"


In any case, even if IU had bought the land with insider information, it should be noted that nothing she did is illegal.

  1. IU
82 57,099 Share 55% Upvoted

26

Fyla 15 days ago 5
15 days ago

Now, people dictate to artists how to spend their money: I'm amazed O_O

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-14

Claudia_Palacio 15 days ago 4
15 days ago

not dictate what to do, but what she did is not ethical

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11

dooda 15 days ago 1
15 days ago

She did nothing none ethical. If you got the chance to buy a land you know it would bring you money later you would do it without thinking. Grow up. This is business it is all about risk taking

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-1

kyrasi (Banned) 15 days ago 0
15 days ago

Comment has been deleted

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5

Soulbrother 15 days ago 0
15 days ago

Just like how she donated 100million won too, guess that's not ethical either LMAO

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2

mocchimar1 15 days ago 0
15 days ago

Lol seems like you’re hellbent on something. You’ve been at it since the other article

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15

iud_tz 15 days ago 1
15 days ago

Even if it's true..who cares? Let her earn money if she can...

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0

walkertexasrange 15 days ago 0
15 days ago

amen

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11

johnny AKP STAFF 15 days ago 0
15 days ago

To those netizens, two words... so what?

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11

rania4 15 days ago 5
15 days ago

For goodness sake, leave her alone! She donated a lot for the community. Those netizens haven’t contribute anything to the world and yet have the nerve to question her wealth. Jealous much?

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-13

Claudia_Palacio 15 days ago 4
15 days ago

Of course, if they have contributed by consuming their music, or do you think that she would have all that money to donate if people did´t listen?

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8

borahae 15 days ago 1
15 days ago

lol ok then you wanna go dictate what any of the brands you buy should do since you contributed to their wealth by purchasing their products? give me a break with that logic chingu.

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2

00des 15 days ago 0
15 days ago

Well said.

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5

00des 15 days ago 0
15 days ago

The level of entitlement. She made the money because she makes music and released it to the market, and people choose to buy or not buy that product, it's a free market. People buy the music at their own will, and she has the right like you when you make your money to spend it on what she wants like anyone does.

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1

hiroonakamura 15 days ago 0
15 days ago

most of these haters didnt buy any music of hers.

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8

pinkstrawberi 15 days ago 4
15 days ago

That sounds like an IU thing to do though. Purchasing the building b/c her mother's office and her work space is there. IU has always been a genuine type person like that.

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-8

Claudia_Palacio 15 days ago 3
15 days ago

Naver's articles said that when she bought the land, this 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, 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´t be built?

how was he going to build the studio for his mother and that practice room in a land far from the whole society and that had construction ban?

Are you naive?

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4

EveLovesKoreans 15 days ago 1
15 days ago

Are you editing copy now? They didn't say she was going to build a studio for her mother and a practice room... what was said was: "(quote) ...The building has her mother's office, IU's personal workspace, and training rooms for hoobaes that IU supports" (unquote). Maybe you should practice reading accurately before you starting berating and badmouthing people. Also,,, for your information, my son was a real estate broker and I myself, throughout the many years I've been around and worked in the business world, have personally known many, many people who have purchased or plan to purchase real estate. Not one of them ever intimated that they did so without anticipating a rise in the value or expecting a profit if they should choose to sell. It's called 'investment' for a reason... because the purchaser hopes to make money or add to their financial portfolio. People who invest in real estate are smart because landed property does not depreciate or devalue unlike company stocks/shares which can and do fluctuate and are a greater risk for great loss.

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0

Nina14red 14 days ago 0
14 days ago

Thank you for your sensible comment!!!

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0

pinkstrawberi 14 days ago 0
14 days ago

Even if she bought the land to make "profit" there's nothing wrong with that... Its human nature lol. She just has the funds to do it. I still think shes one of the more genuine artist out there.

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7

Shaq003 15 days ago 0
15 days ago

People are mad because IU thought long term and outside the box...

YOU SMART... Keep investing girl... use that head of yours.

Image result for you smart gif

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6

HyperQ4 15 days ago 1
15 days ago

So what? She allowed to make money?

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0

walkertexasrange 15 days ago 0
15 days ago

so what indeed!

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4

KpopDani 15 days ago 0
15 days ago

Even if it is for profit, who cares!! Let her make her money lol

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4

xhecthor 15 days ago 1
15 days ago

Yeah, is called Capitalism. K-netizens should learn about it because they live in a world governed by it.

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1

walkertexasrange 15 days ago 0
15 days ago

Are these K-netizens North Korean communist? CAPITALISM!!!

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4

elfinkyy 15 days ago 2
15 days ago

So the real question is what IS going to convince the netizens????


IU could personally make a statement and show them all the documents and they'd claim they were forged SMH

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1

RyenLux 15 days ago 1
15 days ago

Nothing. You can never please these netizens. Right now, whatever she say/do is going to draw criticisms. :(

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0

kizaru_hijin 15 days ago 0
15 days ago

once again ironic, when you racist scum try to seem nice, when you only know how to hate around on all korean artists, because youre a jealous racist, who hates the fact, that they get more and more famous, and even resort to multiple accounts for your hate rants, like stopudelulu, holdthisLnoobs and kpoptrashtalker...


not to mention how you even downvote my comment defending her, showing once again the irony here...

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4

JJiB 15 days ago 0
15 days ago

because genuine and sincere people should only invest in unprofittable portfolios? *facepalm*


on a side note.

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)

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3

Caveman13 15 days ago 0
15 days ago

I find it very weird for a very capitalistic country to find problem with this, like seriously??
As if any of them would hesitate if they have the money to buy it..

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3

Soulbrother 15 days ago 0
15 days ago

None of their business, and if she did who cares? Go hassle the landlords that actually do that shit....Fu*king hell she just donated 90k (100million WON) earlier this year, WHAT HAVE YOU CLOWNS DONE for anyone else or DONATED?


I tell you these clowns are far too bored and should just concentrate on their own lives and work hard and become better to get over their own insecurities and jealousy.

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3

T_Jazz 15 days ago 0
15 days ago

Off Topic:

• Is conducting research prior to making a huge purchase considered insider information?

• What's speculation? Is that also considered "shady?"


So what should have happened for this real estate purchase to be considered ethical? Were there no announcements made or were there no news reports about this area being considered for future developments? From photos of the area, it looks like expensive property. Pretty. Had there been a ban on more commercial development that only insiders knew would be soon lifted?

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3

9AF 15 days ago 0
15 days ago

Aside from the supposed insider trading issue, If she did it to turn a profit, fine! Not only is it not illegal, it's business!

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2

yaya202 15 days ago 0
15 days ago

Become idol or actor in korea must be dis tressing .... what 's wrong invest for profit ? Lol

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2

Army_of_Inspirit 15 days ago 0
15 days ago

yeah... so?

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2

melon 15 days ago 0
15 days ago

Errr. So the fuck what. She has the money, she bought it she owns it. If she is making profit from it it's totally legal it's investment. Why would anyone buy any property build any building when it's not going to profit lol. Would you?? If she's renting out any part of it just don't rent it if you feel ripped off.

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2

RyenLux 15 days ago 1
15 days ago

That's common practice in many parts of the world. As long as she isn't doing anything illegal it's perfectly fine. knetz need to chill.

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-2

kizaru_hijin 15 days ago 0
15 days ago

except that this coming from you is still ironic, youre a jealous racist who hates all kpop artists for no reason at all...as we can see even now with your stopudelulu, holdthisLnoobs and kpoptrashtalker accounts...

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2

mettlesome_jean 15 days ago 0
15 days ago

Why make a big fuss? So what if she bought it? It her money from her blood sweat and tears. She doesn't owe anyone an explanation of why she bought it.

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1

eigb10 15 days ago 0
15 days ago

K-nets just did the same thing to Bomi about her Youtube, like dang does other people making money make you mad?!

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1

NgohiongPuso 15 days ago 0
15 days ago

I hate it when quassi media, fake news media, and real media bring up stupid topics like this.... it's like topics that has one ulterior motive to destroy a person's integrity...

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1

tomh7259 15 days ago 4
15 days ago

Even if she did buy the proprty for profit..... So what? It's not illegal to profit from real esrtate in South Korea, is it?

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-2

Claudia_Palacio 15 days ago 3
15 days ago

when she bought the land, this 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, 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´t be built?

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1

Nina14red 15 days ago 1
15 days ago

You keep writing this comment all over the place but it still doesn't explain what she did wrong. If I purchase land or property in an area that has been part of a gentrification project for some time, I would naturally expect the value to increase. Furthermore if I were looking to make such a purchase it would make sense for me to research and utilize the knowledge of people in the real estate world to help me make the right purchase for myself. Nothing wrong in doing so.

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0

Doodles 15 days ago 0
15 days ago

If the knowledge that the building ban was going to be lifted had not been made public at the time she bought it, means she had insider information, which is illegal as far as I know. Those laws exists in pretty much any developed country to prevent abuse and ensure fairness to all potential buyers. Real state speculation can be a serious issue, cause it can cause the raise of land prices, increase of rent in the are, therefore driving the locals away because the cannot afford it anymore. That's what knets are all about.


I'm not saying this is what she is going to do with it. She may have genuinely bought it for personal use, but you know... people love drama and will create an issue out of nothing.

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0

melon 15 days ago 0
15 days ago

Your existence should be prohibited lmao

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1

manupecks 15 days ago 0
15 days ago

Why are people being so annoying if she didn't do anything illegal. It's not like she's using people's money

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1

maragana 15 days ago 0
15 days ago

Netizens start 2019 by going after IU. Lmao. I thought we left that negativity back in 2018.

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1

teleri 15 days ago 0
15 days ago

OMG

foul netizens will diss ANYTHING, won't they??

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0

MaeilKpop 14 days ago 0
14 days ago

Jinja? This is IU we're talking about, if you're going to accuse her of being unethical you may as well go after the Pope next. She's probably the nicest person in Korea.

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0

aylmao 14 days ago 0
14 days ago

The comments are so pathetic, especially the dumbass suggesting anyone that is better than them at investing is only better because of insider information

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0

aylmao 14 days ago 0
14 days ago

Korea is full of jealous and materialistic people, its honestly cringe AF. Imagine having a life so pathetic that a celebrity owning a building bothers you.

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0

hiroonakamura 15 days ago 0
15 days ago

just because she owns a building that was intended for other things than just earning money, doesnt mean she can't earn money from rent. What is she supposed to do, buy a building and have 80% of it given out to people for free?

Are these netizens stupid? oh yeah, they are

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0

pink_oracle 15 days ago 0
15 days ago

Of course she did it to earn profit, that's why people buy real-estate. But it's not criminal or amoral, it's a legitimate business.

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0

qst3552 15 days ago 0
15 days ago

How can anybody hate on IU?

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0

AnnForGood 15 days ago 0
15 days ago

What's so bad about it? She does not have to make excuses! If she made a lot of money with music, this is a good time to invest in real estate. 2.3 billion seems to be not even huge money for a property investment: https://tranio.com/articles/investing_in_real_esta...

Most celebrities and athletes do this on the advice of managers, and fans don't even care!

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0

walkertexasrange 15 days ago 0
15 days ago

When it's time to pay her bills, She can tell them the netizens said she's not allowed to make smart business decisions for profit...

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0

LittleSukie 15 days ago 0
15 days ago

Wait,are these people serious?They are criticizing her for buying a land with her own money.If she didn't do ot,somebody else would.😂😂😂🤣😑

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0

peladocarlos 15 days ago 0
15 days ago

And what if she does? Everybody wants profits for their investments, why she can't?

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0

drsmith (Banned) 15 days ago 0
15 days ago

Comment has been deleted

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0

cjnvm 15 days ago 0
15 days ago

People are so stupid and blinded by jealousy.

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0

for_real_tho 15 days ago 0
15 days ago

she can use her money all the way she wants or it could be false information. but training room in Gwacheon? lol she really tryna send her hoobae all the way in there just to train. 😂 seriously-

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0

Ohboy69 15 days ago 0
15 days ago

So many male idols buy buildings for profit, isn't JaeJoong the richest because of the investments he made? It's a smart thing to do.

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0

EXID_is_the_EXIT 15 days ago 0
15 days ago

If IU says it,I'm nobody to say no

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0

iBangChan 15 days ago 5
15 days ago

but im pretty sure that sort of thing is illegal in the us, no?

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4

MajesticFaith 15 days ago 2
15 days ago

Insider information is only illegal in the stock market .the real estate market is perfectly legal.

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1

NgohiongPuso 15 days ago 0
15 days ago

Insider information is okay even in the stock market.. however if the "insider" uses that information to benefit himself directly.. that's basically insider trading and that's illegal...


Knowing things and doing illegal things are quite different...

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0

iBangChan 15 days ago 0
15 days ago

i see. thx

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-1

yeahkpop16 15 days ago 1
15 days ago

It's only illegal if she did something shady to buy the property like sabotage the area so that prices would artificially drop. Speculating that prices will rise and buying property in advance is not illegal. Most people buy property after doing research and having the expectations that the value will go up. It's the smart thing to do. She's just being smart with her investments. Why is there a problem with that?

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1

NgohiongPuso 15 days ago 0
15 days ago

Why is there a problem??? Actually there is none... it's the media who's biting at this topic. They knew IU did nothing wrong and illegal.... and yet they still publish articles about it...

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-1

kizaru_hijin 15 days ago 0
15 days ago

pretty much anyone buys such buildings just for profit. which celebrity did buy such big buildings for themselves?pretty much no one, they all rented it out to others. what use would they have to keep it for themselves?sometimes there are celebrities who keep the top level for themselves, while renting every other out, but thats it.


but thats just how it is with pathetic haters, they always show their stupidity around and dont even know what to use to hate on a celebrity theyre so jealous of...

i feel sorry for these celebrities, who even feel the need to explain it, they should learn to ignore such pathetic basement suckers, they just want to make everyone else unhappy just like they are, they never critisize, they just hate around out of jealousy, so nothing to be taken seriously. all celebrities should ignore haters, it will make everything better for them too.

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-1

kefira14 15 days ago 0
15 days ago

Why do they have such bad trust issues

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-1

SmoothJK 15 days ago 0
15 days ago

Literally no one except a few greasy losers cares about this. IU has done more to help people than these haters ever will combined.

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-1

smfhlmfao 15 days ago 2
15 days ago

This is pretty retarded if you ask me. Do none of these netizens know about the word "coincidence" ? Regardless, the statement made against this was that IU doesn't plan on selling the building.

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-2

Claudia_Palacio 15 days ago 1
15 days ago
"coincidence" ?

Naver's articles said that when she bought the land, this 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, 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´t be built?

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-1

smfhlmfao 15 days ago 0
15 days ago

Even if that was the case, why the fuck do you care so much lmfao? Also, "The building has her mother's office, IU's personal workspace, and training rooms for hoobaes that IU supports." This statement right here made by her company proves that she didn't purchase this land for profit through "insider information". Also it was made evident that she purchased the land after GTX had released their plans and information.

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-1

pablo27 15 days ago 0
15 days ago

Go IU!!! Go IU!!! She did NOTHING ILLEGAL. These stupid netz smelled money they ain't gonna see and it drives them crazy. Hahahaha.

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-2

Raven_17 15 days ago 1
15 days ago

LOL, so, if a male idol is fucking rich, has a lot of houses, bussinens and buildings he is good, inteligent, a bussinesman, successful and knows how to administrate his money but if a female has a little luck with her investments then it's shady and she is a bad person, the devil itself... LMAO.

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-3

Claudia_Palacio 15 days ago 0
15 days ago

Naver's articles said that when she bought the land, this 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, 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´t be built?

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-3

Taemins_Wife 15 days ago 0
15 days ago

Even if she lied, IU is a saint. Y'all shut up. Those are the only thoughts that enter my head. I believe her anyways. But I don't believe anyone without a small measure of doubt. Still love you IU girl.

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-5

Kosmo_Lap 15 days ago 0
15 days ago

IU is nice.

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