“This is how much a house worth 40 billion won”…’Min Hee-jin conflict’ Bang Si-hyuk, ‘surprised’ by the level of luxury villa

Bang Si-hyuk is in conflict with Min Hee-jin over management rights to Hive.
Reexamining the existence of a ‘luxury villa’ worth close to 40 billion won

Hive board chairman Bang Si-hyuk, who has been at the center of controversy due to his conflict with producer Min Hee-jin, is attracting attention as he is known to own a single-family home worth close to 40 billion won.

According to real estate media outlets Dirt and The Real Deal, Chairman Bang purchased a luxury home in LA’s Bel Air area in 2022.

Bel Air is considered one of the representative wealthy villages in Los Angeles.

The house that Chairman Bang purchased is also where South African comedian Trevor Noah lived.

Noah purchased this house for 27.5 million dollars (about 36.64925 billion won) in 2021, but sold it to Chairman Bang a year later in March 2022.

The sale price was reportedly $26.4 million (approximately KRW 35.18328 billion), which was $1 million lower than the purchase price.

The house is three stories above ground and has a total floor area of ​​309 pyeong. It consists of 9.5 bathrooms and 6 bedrooms, and is equipped with a variety of auxiliary facilities.

It is equipped with a gym, library, and lounge, as well as a separate space to store wine, etc., as well as an elevator.

It is reported that the back of the house is equipped with an outdoor kitchen, infinity pool, pavilion, bar, massage facilities, Japanese sauna and spa.

This house, located on Stradella Road in Bel Air, was designed and built by famous architect Mark Rios for his own residence.

The house was completed in 2017, and boasts an amazing exterior that was noted by ‘Architectural Digest’, a monthly magazine specializing in architectural design, at the time of completion.

Dirt, a real estate magazine that reported this fact, analyzed that Chairman Bang purchased this house to stay comfortably as his stay in the United States increased.

Chairman Bang was also ranked 11th in the ’50 Richest People in Korea’ published by Forbes Korea in May 2022, and at the time, Chairman Bang’s wealth was calculated to be worth 4.1916 trillion won.

He is the ‘Midas hand of the entertainment industry’, having raised not only BTS but also many other celebrities into stars.

Recently, Chairman Bang has been experiencing conflict with Hive executive producer Min Hee-jin.

Min Hee-jin is the person who planned and produced the girl group New Jeans, and is also the founder of the label ‘ADOR’ under Hive.

Chairman Bang made it public by accusing Representative Min of breach of trust. The story was that an attempt was made to take over management rights to Hive under the leadership of CEO Min.

The main gist of the public discussion was that CEO Min had found a way to become completely independent from Hive with the group he created, New Genes.

The content of the KakaoTalk conversation between ADOR Vice President and CEO Min was also revealed, and when the Vice President suggested a plan to acquire shares of Hive, CEO Min responded, ‘Jackpot.’

In response to this, CEO Min held an emergency press conference on the 25th and stated, “I have never planned or executed a usurpation of management rights,” and expressed his feelings, saying, “Hive betrayed me.”

Representative Min said, “During working life, isn’t it possible for an employee to complain about the workplace if they don’t like the manager or the workplace? “That was the conversation I had,” he explained.

Also, “To know the context of that conversation, you need to know our vice president and my character (personality). “You have no idea whether this conversation is serious or joking,” he said, dismissing it by saying, “I have no such intention, and I have never planned to usurp it.”