Kim Yong Bin confesses to paying off debts with the 300 million won prize from 'Mr. Trot 3'... still owns a house

Singer Kim Yong Bin revealed that he used the 300 million won prize money from winning ’Mr. Trot 3’ to pay off his debts. On the October 11th broadcast of KBS 2TV variety show ’The Manager Has Donkey Ears,’ Kim Yong Bin talked about his daily life and financial situation as a singer with 23 years of experience. He said he has been singing trot since he was four years old, appeared on KBS’s ’Morning Yard’ at the age of seven, and performed at local events since childhood. The appearance fee at that time was 50,000 won, and his grandmother saved all the money, keeping it in about 50 bankbooks. Kim Yong Bin revealed that he selected the song after receiving 7,800 songs while preparing to record his new track ’Only You.’ Before recording, he handed out health juice to the staff and took some balloon flower root powder left by his late grandmother. After the recording, the producer commented, ″Kim Yong Bin has Kim Yong Bined. The song has matured.″ When asked about home ownership, Kim Yong Bin answered, ″I do not yet own a house in my name.″ He added that he has not earned enough money to buy a house. In response, Kim YonJa emphasized the changes in currency value and the importance of asset management, advising that managing assets through gold, investments, and real estate is necessary. Kim YonJa also mentioned that he bought a house around 1984. When Jun Hyun-moo asked about how he used the 300 million won prize money from winning ’Mr. Trot 3,’ Kim Yong Bin said without hesitation that he paid off all his debts. He explained that although he had been active since childhood by releasing albums, he did not achieve the expected results and accumulated debt, and that he released an album in 2012 but was still in financial difficulty. When Kim Sook asked again if he had any debts, he replied that he had debts incurred during his past activities. Park Myung-soo expressed admiration for Kim Yong Bin, who started working at a young age and even paid off his debts.