BTS's Jungkook Gifts His Older Brother An Apartment Worth More Than 3 Million USD

It was recently reported in Korean media that BTS‘s Jungkook had gifted his older brother with an apartment in Yongsan-gu, Seoul, worth around ₩4,000,000,000 KRW ($3,400,000 USD).

Biz Korea reported that he had given his brother, Jeon Jung Hyun, the apartment in December 2020. Jungkook originally bought the apartment in July 2019. Following the report, when he received the bequeathment of the apartment, he registered it as his current lodgings on his official papers.

It was not made known if Jungkook lives with his older brother, only that the apartment’s deed is under his brother’s name. It was also unknown regarding the tax Jungkook would have had to pay. In Korea, tax is paid by the giver, for valuable gifts.

The apartment is in a prime location near Ichon station and near the National Joongang Museum and Yongsan Park.

Source: Money Today