Hwang Jung-eum Repays Majority of Embezzlement, Vows Full Settlement
May 20, 2025
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"Hwang Jung-eum, an official from Wyone Entertainment, the agency, said on the 20th that "Hwang Jung-eum is liquidating the remaining unpaid amount after repayment of a large part of the amount.""We will do our best to finish the process with the best effort" he said.
Hwang Jung-eum's legal representative, Kim Chi-woong, also revealed Hwang Jung-eum's reimbursement status through YTN Star. Lawyer Kim said, `Currently, the amount to be paid back is more than 1 billion won.' `Most of the creditors are in the banking sector, and most of them have real estate collateral, so there will be no difficulty in repaying them.'
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 held on the 15th.
After the news was announced, Hwang Jeong-eum said "I'm sorry to have caused a lot of people to worry about something shameful"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.
wjlee@sportschosun.com
