Hwang Jung-eum, a 'alleged embezzlement,' paid off all 4.3 billion won in company money by selling his property (official) (Full Story)
Jun 17, 2025
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On the 17th, Y1 Entertainment, the agency, said in an official statement that "Hwang Jung-eum used all of the money in provisional payments from Hunminjeongeum Entertainment to dispose of his private property, etc. and reimbursed both on May 30 and June 5, 2025." "Accordingly, the financial relationship between Hunminjeongeum Entertainment and Hwang Jung-eum has been resolved." he said.
"Hwang Jung-eum deeply regrets that she caused a stir due to her lack of proper tax and accounting knowledge as the owner of a single corporation, not as a professional manager, and faithfully implements all legal and moral measures necessary for the prompt resolution of this case."," he said.
Finally, "I sincerely apologize for the inconvenience caused, and from now on, I will work in a more careful and responsible manner with the help of experts to restore trust."," he added.
Earlier, Hwang Jeong-eum sparked controversy over embezzlement of 4.3 billion won worth of company money.
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 has never been a celebrity other than me, and all the profits are 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."
An agency official is also liquidating the remaining unpaid amount after repayment of a large portion of the amount " (Hwang Jung-eum)""We will do our best to finish the process with the best effort" he said.
However, Hwang Jung-eum was found to have seized 1.8 billion won worth of real estate from a company run by her ex-husband who is filing for divorce, sparking controversy once again.
The following is the full text of the official position of Hwang Jeong-eum's agency
Hello, we're Y1 Entertainment.
Regarding actor Hwang Jung-eum's use of Hunminjeongeum Entertainment funds, I would like to inform you of the official position on the ongoing criminal trial.
It is correct that Hwang Jeong-eum disposes of his private property, etc. from Hunminjeongeum Entertainment in the form of provisional payments, and reimbursed them both on May 30 and June 5, 2025. As a result, I would like to inform you that all financial relationships between Hunminjeongeum Entertainment and Hwang Jung-eum have been resolved.
Hwang Jung-eum deeply reflects on the controversy caused by her lack of proper tax and accounting knowledge as an owner of a single corporation, not a professional manager, and is faithfully implementing all legal and moral measures necessary to resolve this case as soon as possible.
Once again, I sincerely apologize for the concern caused, and from now on, we will work with the help of experts to restore trust by working in a more careful and responsible manner.
Thank you.
yaqqol@sportschosun.com
