A recent case in Seoul highlights the financial risks associated with South Korean pharmacy acquisitions. A pharmacy was purchased for 360 million won (approximately $270,000 USD) in a building also housing a hospital, only two months before the hospital unexpectedly closed. This closure has significantly devalued the pharmacy, raising questions about the validity of the initial purchase price and the nature of “key money” – *jeonse* rights – in commercial real estate transactions. The incident has sparked debate regarding the assessment and justification of these substantial upfront payments, known as *kwonri-geum*, which are common in South Korea for business transfers. Experts suggest the pharmacy’s value was heavily reliant on the hospital’s presence and patient flow. The situation underscores the vulnerability of businesses tied to anchor tenants and the potential for significant financial loss when those tenants depart. Further investigation is underway to determine the factors contributing to the hospital’s closure and the fairness of the pharmacy’s initial valuation.