After Clearing Their Parents’ $500K Debt, Korean Siblings Borrow Another $500K To Open Dream K-BBQ Restaurant Seoul & So
The siblings took over their parents’ struggling K-BBQ Seoul Restaurant out of necessity, working seven-day weeks to pay off its $500K debt in a year, then surprised everyone by taking on another $500K loan to launch their own upscale diner at National Gallery.
Over a year ago, Rhee Hyuk Kee and his younger sister So Hyun, now 33 and 31, were still in survival mode, running Seoul Restaurant, a no-frills 70-seater Korean BBQ spot at Conrad Singapore Orchard opened by their Korean-born parents in 2013.
When they took over in 2024, the business was struggling under a six-figure debt.
“We were basically working seven-day weeks,” Hyuk Kee recalls. “Minimal staff, our parents helping out — everything we earned just went straight into repaying the loan.”
Against all odds, they cleared the debt in about a year. “It was intense,” So Hyun adds. “We were just hustling.”