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Ahn Young-hwan Completes 5,000-Pyeong Hanok Hotel... Korea's First to Host Lee Jae-myung and Takaichi Banquet

EBS 'Seo Jang-hoon's Neighbor Millionaire' highlights the life journey of Ahn Young-hwan, who created Korea's first hanok hotel. From the story of him returning

Jonggyu Park
Staff Reporter
6 min read
Ahn Young-hwan Completes 5,000-Pyeong Hanok Hotel... Korea's First to Host Lee Jae-myung and Takaichi Banquet
CBC News

EBS 'Seo Jang-hoon's Neighbor Millionaire' highlights the life journey of Ahn Young-hwan, who created Korea's first hanok hotel. From the story of him returning to Korea after enjoying a stable life as a computer engineer in the United States to betting his life on hanok, to the process of completing 22 buildings on a 5,000-pyeong site, all will be revealed.

■ From Engineer to Hanok — A Fateful Turn In the 1980s, Ahn Young-hwan earned a high salary working as a computer engineer in the United States, but he chose a challenge over a predetermined path and returned to Korea. He then plunged into the real estate development business and, at the recommendation of an acquaintance, participated in a venture utilizing a 150-year-old hanok, which is when he became deeply captivated by the charm of hanok. Amid the development boom of the late 1990s, he sold his Myeongdong commercial property and purchased old hanok houses in Bukchon.

■ 15 Years of Construction: Birth of a 5,000-Pyeong, 22-Building Hanok Hotel Despite opposition from his family, he staked everything on preserving the original form of the hanok. He devoted two years to restoration, using the profits from his Korean restaurant and the proceeds from selling his Myeongdong building as construction funds. After a staggering 15 years of construction, a hanok hotel comprising 22 buildings on a 5,000-pyeong site was completed. The completed hotel drew public attention when it became known as the venue where President Lee Jae-myung and Prime Minister Takaichi held a banquet and watched traditional performances during the Korea-Japan summit in May of this year.

■ 30 Years of Collecting Antiques: A Museum-Like Accommodation Philosophy The broadcast introduces Ahn's 30-year journey of collecting antiques and the museum-grade pieces exhibited at the hotel, including handwritten calligraphy by Yulgok Yi I and Song Si-yeol, white porcelain, and antique furniture. He wanted to provide guests with 'an experience of staying in a museum.' His philosophy is to incorporate antiques into everyday life, such as sleeping on a 150-year-old bed and drinking tea from a 500-year-old antique cup.

■ The Loss of 1,100 Pieces... 'It Would Have Been Better If the Money Had Burned Instead' He also experienced an incident in which 1,100 antique pieces he owned were destroyed in an instant. Recalling the time, he confided, 'It would have been better if the money had burned instead...' Regarding his attraction to hanok, he said it is difficult to explain clearly, describing it as 'the blood just pulls me toward it.' When Seo Jang-hoon asked whether it wouldn't be more profitable to tear down the hanok and build a villa, Ahn also shared his thoughts on the matter.

Ahn Young-hwan's hanok life and story can be seen on EBS 'Seo Jang-hoon's Neighbor Millionaire,' airing on Wednesday, July 8 at 9:55 p.m.

Jonggyu Park
Staff Reporter

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