PANews reports on May 15th that according to Korean media, actress Hwang Jung-eum has been prosecuted for allegedly misappropriating funds from her own management company to invest in cryptocurrency. On May 15th, the Jeju District Court held its first public hearing on this case. According to the indictment, Hwang Jung-eum misappropriated a total of 4.34 billion won in company funds between early 2022 and December, with 4.2 billion won used for cryptocurrency investments.
Hwang Jung-eum's lawyer admitted to the allegations, stating that the investments were made with the intention of developing the company and emphasized that the company's profits ultimately belong to Hwang Jung-eum. Currently, she has partially repaid the losses by selling cryptocurrencies and plans to sell real estate. The court accepted the request and allowed the compensation-related procedures to continue.
