Hwang Jeong-eum, who embezzled 4.3 billion won, apologized for poor coin investment to grow the company

May 15, 2025

Singer and actor Hwang Jung-eum apologized for embezzling 4.3 billion won of company money and investing in coins.

Hwang Jung-eum sent an apology through her agency, Y1 Entertainment, on the 15th. Hwang Jung-eum said, `I'm sorry to have caused a lot of people to worry about something embarrassing"I have established and operated an entertainment agency for my entertainment activities. This entertainment agency is a company that I have a 100% stake in, and there have never been any other celebrities other than me, and all profits come from my activities. Around 2021, I was encouraged by people around me to raise the company's funds through coin investment, and I started investing in coins I didn't know well. It was a fund in the name of the company, but I think I made an immature judgment because it was a profit made from my activities.

Hwang Jeong-eum said "Although I lost money due to the coin investment, I am fortunate that I have 100% of the company's shares, no other celebrities, and no other creditors other than banks that secure collateral, so I did not cause any damage to a third party."In order to correct the wrong business relationship with the above company, I am currently putting myself in another agency and organizing the business relationship with the above company." We have repaid a large portion of the funds withdrawn from the company in the form of provisional payments by disposing of personal assets, and are in the process of liquidating some of the unpaid payments.

Hwang Jung-eum then said, `Once again, I apologize and I will do my necessary responsibilities," he apologized repeatedly.

Hwang Jung-eum was indicted without detention in 2022 on charges of taking 700 million won of loans from the agency in the name of provisional payments and investing in cryptocurrency, and embezzling 4.34 billion won in company money until December of that year. The agency is a family corporation in which Hwang Jung-eum owns a 100% stake. Hwang Jung-eum admitted the indictment at the first hearing.

▶Next is Hwang Jung-eum

Hello, I'm Hwang Jung-eum.

First of all, I'm sorry to have caused so many people's concern with the shameful thing.

I have established and operated an entertainment agency for my entertainment activities. This entertainment company is a company that I have a 100% stake in, and there have never been any other celebrities other than me, and all the profits are from my activities. When I wanted to grow the above company, around 2021, I was encouraged by people around me to raise the company's funds through coin investment, and I started investing in coins that I didn't know well. It was a fund in the name of the company, but I think I made an inexperienced judgment because it was a profit made from my activities.

Although I lost money due to the coin investment, I think it is fortunate that I have 100% of the company's shares, no other celebrities, and no other creditors other than banks that secure collateral.

To correct the wrong business relationship with the above company, I am currently putting myself in another agency and organizing the business relationship with the above company. We have repaid a large portion of the funds withdrawn from the company in the form of provisional payments by disposing of personal assets, and we are in the process of liquidating some of the unpaid payments.

Once again, I'm sorry, and I'll do all the necessary responsibilities.

Thank you.

wjlee@sportschosun.com