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Posted by Sophie-Ha Wednesday, March 31, 2021

Netizens shocked by the high monthly rent for SM Entertainment's company building

AKP STAFF

Netizens have recently joined an online community discussion which revealed the monthly rent cost for SM Entertainment's company building in Gangnam.

The netizen who created the post revealed the monthly rent cost for SM Entertainment is 231 million KRW (~204,755 USD) with a deposit of 3 billion KRW (~2.7 million USD).

Since the post was created, many netizens joined the online community to leave comments with their opinions. 

Netizens commented, "Who's the building owner? He's so lucky," "I actually thought the rent would be more expensive," "Wow, the monthly rent is so high," "They're renting the whole building?" "I think given the location and renting the whole building, the cost is pretty cheap," "Oh, I misread the amount," "I'm actually just envious of the building owner," and "Man, I want to be the building owner."

  1. misc.
  2. SM ENTERTAINMENT
16 27,139 Share 89% Upvoted

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Isabelle1204
Isabelle120466 pts Wednesday, March 31, 2021 0
Wednesday, March 31, 2021

This really needs to be worded better. The building literally belongs to Lee Soo Man. He's the one that charges to rent areas out since he stepped down as CEO. Theyve mentioned several times that with the earnings from exo they bought this building and boa bought the other building.

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anker-90
anker-90369 pts Wednesday, March 31, 2021 0
Wednesday, March 31, 2021

Netizens obsessed with all things SM as always

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