South Korea’s well-known actress Hwang Jung-Eum is caught in a major controversy. He has admitted in the court that he rigged $ 3.1 million (₩ 4.34 billion) from his own company and this amount Cryptocurrency Used for investment in. After this confession, he has been dropped from SBS Plus’s reality show as a result of I’M Unmarried and many brands have stopped their campaign with him. This case is not only stirring in Korean Leisure Trade, but also raising questions on the risky investment of crypto.
Acception and legal action in court
Last week, during the hearing at Jeju District Court Dockt, Hwang Jung-Eum admitted that he misused an amount of about $ 3 million from his family agency and invested it in cryptocurrency. The prosecution has accused him under the Korea’s Function at the Annoyed Punishment of Explicit Financial Crimes. His former agency was a single-purson company that managed only Hwang’s career. His lawyers argued that all the company’s earnings came from his personal acting income and this money was technically his, but the argument is still under investigation.
Released from reality shows and advertising campaigns
As soon as the case came to light in the court, the SBS Plus channel reacted fast. All video clips and VCR segments of Hwang were removed from the final episode of the channel’s reality show as a result of I’M Unmarried. The channel said in a statement, “He will not have a presence in today’s episode and his hosted comments will also be reduced to a extent.” Along with this, health brand Daesang Wellife Nucare has also removed its promotional videos and posters from social media. An online promotion event was also canceled citing “internal causes”.
Turned in personal life too
This dispute has come to the fore when Hwang Jung-Eum is already going through a difficult phase in her personal life. Their marriage is on the verge of breaking up and the divorce process continues. As a result of I’M Unmarried his return was considered a big comeback, but now the matter can have a serious impact on his career. His lawyer also said that he has paid a partial amount by selling some crypto assets so far and he is planning to sell his real estate assets to repay the remaining amount. The next hearing of the case has been fixed in August. If you want to read news related to such cryptocurrency, then our Blockchain information Can go to the section.
Conclusion
The controversy of Hwang Jung-Eum’s investment in Crypto shows how the wrong decisions taken in the greed of digital assets can damage an established career and public image. His confession in the court, distance by brands, and removing the show are all warning how important the financial transactions and accountability has become in today’s era. This case not only brightens the risks associated with Crypto, but also raises an important question on the responsibilities of celebrities.
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