Bought for a Record 19 Billion Won, Now Headed to Auction... Ock Joohyun's 'Hannam The Hill' Takes a Surprising Turn Six Months Later

Creditor: Hanguk Geumyung Jasangwanri Daebu
Claim amount: Approximately 2.17 billion won

Hannam The Hill, an apartment in Hannam-dong, Yongsan-gu, Seoul, owned by singer and musical theater actress Ock Joohyun, has entered court auction proceedings. Ock purchased the apartment for 19 billion won and completed the registration of ownership transfer in April.

According to The Seoul Economic Daily on Oct. 29, the Seoul Western District Court ruled on Oct. 14 to begin a voluntary auction of Hannam The Hill, which is owned by Ock. The creditor that filed for the auction is Korea Financial Asset Management Daebu, and the amount claimed is approximately 2.17 billion won.

Singer and musical actress Ock Joohyun. Instagram.

A voluntary auction is a procedure in which a mortgage holder or other secured creditor exercises its security rights to recover a debt. The property registry shows four mortgages on the residence, with a combined maximum claim amount of 23.7 billion won. The maximum claim amount is the upper limit of the debt secured by the property and differs from the actual debt. Details of the default and the actual amount of debt have not been disclosed.

Ock signed a sales contract for the property on May 7, 2025, and completed the registration of ownership transfer on April 10, 2026. The residence is a two-story duplex with an exclusive area of about 332 square meters. Ock is reportedly said to have bought it as her first home. The purchase price was 19 billion won, 1.5 billion won higher than the 17.5 billion won paid for a home in the same complex by Jin, a member of BTS, last year. Ock's purchase set a new record for the highest-ever actual transaction price at Hannam The Hill at the time.

The previous owner of Ock's apartment was Heo Hee-soo, president of Sammi Dang Holdings. Heo reportedly bought the residence for 6.9 billion won in September 2015. The difference between the purchase and sale prices was 12.1 billion won, before taxes and other expenses.

Singer and musical theater actress Ok Joohyun is giving a powerful performance in the musical "Sweeney Todd." Courtesy of OD company.

Reports at the time of the transaction in April said a mortgage with a maximum claim amount of 12.3 billion won had been registered on the apartment. Although the combined maximum claim amount for the mortgages currently listed in the property registry is higher, the difference cannot be assumed to represent additional borrowing, as the dates the mortgages were registered and the relationship between the individual claims have not been confirmed.

The auction is currently at the stage where the court has ordered proceedings to begin. The appraised value, minimum bid, and sale date have not yet been set. The auction may be withdrawn if the debt is repaid or an agreement is reached with the creditor.

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