How Much Is the Yellow Watch MC Mong Wore at His Concert Amid 10 Billion Won Financial Dispute?... Only 50 Exist Worldwide

Believed to Be Richard Mille 'RM 27-03 Rafael Nadal'
Overseas Market Prices Range from $1.3 Million to $1.53 Million
Draws Attention Amid Claims of Costly Gifts Linked to Cha Gawon

The ultra-high-priced watch worn by singer MC Mong at his first solo concert in about four years has become a hot topic online. MC Mong held his solo concert "A Midsummer Night's Ice-Gaekki" at Yes24 Live Hall in Gwangjin-gu, Seoul, on August 14 and 16. This was his first solo performance in about four years since 2022, and tickets for the show, which went on sale last month, sold out in just about one minute and thirty seconds.

Among watch enthusiasts, there is analysis that this product resembles the Swiss high-end watch brand Richard Mille's 'RM 27-03 Tourbillon Rafael Nadal' model. However, since neither MC Mong nor Richard Mille has confirmed the exact product name, it has not been verified whether it is the same model. SNS

Following the concert, videos and photos from the event spread rapidly on online communities and social media, drawing attention to the yellow watch strapped to MC Mong’s wrist. Among watch enthusiasts, there is an analysis that this watch resembles the "RM 27-03 Tourbillon Rafael Nadal" model from the Swiss high-end watch brand Richard Mille. However, neither MC Mong nor Richard Mille has confirmed the exact product name, so it remains unverified whether it is the same model.

The RM 27-03 is a model Richard Mille launched in 2017 in collaboration with tennis star Rafael Nadal. Its unique design in the red and yellow colors symbolic of Spain stands out, and only 50 pieces were produced worldwide as a limited edition. The watch features a manual winding tourbillon movement and was engineered to withstand shocks of up to 10,000G. Since 2010, Richard Mille has collaborated with Nadal to develop ultra-light and highly durable watches that can even be worn during actual tennis matches. Its price is on a completely different level from ordinary luxury watches.

Singer MC Mong. Photo by Yonhap News

According to Chrono24, one of the world’s largest watch trading platforms, the current price of the RM 27-03 varies greatly depending on the condition and included items. Among the most recently confirmed actual listings, there is a unit priced at 1.3 million dollars, and Chrono24’s model-specific price information lists the RM 27-03 at around 1.53 million dollars.

Based on recent exchange rates, this translates to roughly KRW 1.8 billion to KRW 2.1 billion. As it is a scarce limited edition, its price can fluctuate significantly depending on condition, certificates and box, and timing of the transaction.

MC Mong’s ultra-high-priced watch has drawn even more attention because luxury watches and cars have been mentioned in connection with his financial relationship with Cha Gawon, chairman of Piac Group and One Hundred Label. Previously, in around June, former journalist and YouTuber Lee Jin-ho published an alleged list of gifts MC Mong received from Chairman Cha, amounting to a total of KRW 10.35 billion. The list of gifts included luxury vehicles such as a Rolls-Royce Cullinan worth KRW 700 million, a Ferrari Roma worth KRW 300 million, a Rolls-Royce Spectre worth KRW 500 million, and a Mercedes-Benz G-Wagen Classic worth KRW 500 million, along with a Richard Mille watch worth KRW 5 billion, a Patek Philippe Tiffany worth KRW 300 million, and an Audemars Piguet Gold worth KRW 300 million.

In addition, the claims mentioned a bed worth about KRW 100 million, a Bang & Olufsen TV worth about KRW 50 million, an LG rollable TV worth about KRW 100 million, furniture worth about KRW 500 million, jewelry worth KRW 1 billion, and a deposit of KRW 1 billion. MC Mong’s side reportedly explained at the time that some of the high-priced items had been taken back or disposed of by Chairman Cha himself, who also took the payment for those items. It is also claimed that MC Mong still retains some of the watches, bed, and jewelry.

However, it has not been confirmed whether the RM 27-03 allegedly spotted at this concert and the "KRW 5 billion Richard Mille" mentioned in the previous gift list are the same watch. The disclosed materials regarding the gifts contained information only on the price, but did not specify the product name or model number. Therefore, it is difficult to conclude that the two watches are the same product.

MC Mong and Chairman Cha are also currently involved in a financial dispute involving hundreds of millions of won. Chairman Cha initiated legal action against MC Mong, demanding repayment of a loan amounting to around KRW 12,064,050,000, and as MC Mong did not contest the claim within the legal period, the court’s payment order was finalized. However, it remains unclear whether the loaned funds were used for the previously mentioned gifts or whether those costs were included in the loan amount.

MBC’s “PD Notebook” also focused on unresolved settlement issues concerning One Hundred Label and suspicions about MC Mong’s and Chairman Cha’s overseas casino visits and use of funds in its June 2 episode, “MC Mong and the Chairman’s K-pop Dealings.” The broadcast raised suspicions about their personal relationship as well. In response, MC Mong strongly denied the allegations and materials presented on the program, insisting they were either untrue or manipulated. He especially denied any inappropriate relationship with Chairman Cha and announced plans to file a KRW 100 billion damages lawsuit against the production team and others after the broadcast.

Amid ongoing suspicions and financial disputes, MC Mong returned to the stage as his solo concert sold out for the first time in about four years. In this context, the ultra-luxury watch spotted on his wrist during the concert has become more than a mere fashion accessory, reigniting public interest in his previous controversies over receiving expensive gifts from Chairman Cha.

This content was produced with the assistance of AI translation services.