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Non-discretionary expenses were expenses necessary for survival, and these expenses wouldn’t change unless there was a sudden change in lifestyle.
Some of the things that could be considered non-discretionary expenses were house payments, phone bills, medical bills, food expenses, utilities expenses, insurance, and other costs that would occur as long as a person was breathing.
Obviously, the cost would depend from person to person, and it would vary anywhere from hundreds of thousands of won to millions of won a month. After all, non-discretionary expenses were based on an individual’s lifestyle.
In the case of Chae Hyung-Seok, his non-discretionary expenses were a lot. The deposit for the luxury house he was living in Hannam-dong alone was already one billion won, and he was paying a monthly rent of twenty million won.
Of course, there was more where that came from. Chae Hyung-Seok possessed five luxury imported cars, and one of those cars was known as a hypercar that cost more than three billion won—a Bugatti.
Of course, both the house he was living in and the cars he owned were technically rented rather than his personal, permanent property. The main reason he was renting those cars instead of outright owning them was to avoid paying taxes.
Renting assets instead of owning them was a common loophole used by the rich to reduce...
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