[Exclusive] Kang Hyung-wook, puts up all of his training facility and company real estate for sale

It has been discovered that Kang Hyung-wook (39), the CEO of Bodum Company and a dog trainer, has put up for sale the land and building of his training center in Namyangju-si, Gyeonggi-do, from last year to early this year. Last year, CEO Kang borrowed 10 billion won using this real estate as collateral.

According to the real estate industry on the 23rd, CEO Kang has requested a brokerage firm to sell the 8,802㎡ (approximately 2,660 pyeong) of land in Onam-eup, Namyangju-si, Gyeonggi-do, which he purchased between 2019 and 2021, and the building with the basement level 1, above-ground level 2, and rooftop level 1 of the Bodeum Company building.

Afterwards, in July of the same year, CEO Kang secured funds worth 10 billion won using land and buildings as collateral. According to the Supreme Court Internet Registry Office’s copy of the register, the corporation Bodum Company signed a mortgage contract with two parcels of land and a building above ground as collateral, with a maximum amount of 13.656 billion won.

Considering that the maximum bond amount is usually set at 120% of the loan amount, it is calculated that CEO Kang received a loan of approximately 11.3 billion won.

Then, early this year, it was discovered that the 3,009㎡ (approximately 910 pyeong) of land with buildings and buildings in the vicinity was put up for sale. CEO Kang put both the training center and the office building of Bodum Company on the market.

A real estate agent in the area, Mr. A, said, "Since the new town land nearby has been acquired 2-3 years ago, the price of land around (Bodum Company) has already risen significantly," and "In the current real estate market, it will not be sold unless the price is lowered significantly."

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