Im Young-woong's Agency Building Value Surges by 2.6 Million USD in Four Years

The value of the building owned by Im Young-woong's agency, Fish Music (물고기뮤직), has increased by at least 2.6 billion KRW (approximately 2.6 million USD) over the past four years. According to reports from the music and real estate industries on January 26, 2025, Fish Music purchased the building near Seongsan-dong in Mapo, Seoul, for 4.54 billion KRW in March 2021. As of now, the estimated market value of the building is around 6.1 billion KRW.

Constructed in 2007, the building consists of six floors above ground and has a total area of 290.90 square meters (approximately 88 pyeong) with a total floor area of 717.35 square meters (approximately 217 pyeong). Although it is not located in a prime transportation area, its proximity to broadcasting stations and production companies in the entertainment sector has contributed to its high demand. Currently, the building serves as the headquarters for Fish Music.

Fish Music reportedly spent about 2.3 billion KRW in cash for taxes and other expenses, financing the remaining amount through a bank loan. Records indicate that a maximum bond of 3 billion KRW was secured against the building at the time of purchase, but this was canceled in May of last year, suggesting that the loan has been fully repaid.

Real estate experts estimate the current price of the building conservatively at around 6.1 billion KRW, based on the surrounding properties' price per pyeong, which ranges from 71 to 81 million KRW. This significant increase in value is viewed as a successful real estate investment.