The controversy broke out when the actress was revealed Hwang Jung-Eum funds used by its own company, Hunminjeongeum EntertainmentInvest in cryptocurrency.
Although the law defines action as embezzlement, many observers argue that the context complicates the narrative. The company was 100% owned by HwangIn the sense that there were no external shareholders or affiliated celebrities involved and all the profits – and the losses – were his.
ON May 15thHwang faced the problem with formal apologies through his agency, Y.one Entertainment.
“I’m deeply sorry for having aroused concern for this shameful question”, He started. “The agency was created exclusively to support my entertainment career. I was the only shareholder and the revenues were exclusively from my personal activities.”
Hwang explained that it was recommended by those who surrounded it in 2021 invest in cryptocurrency as a way to expand its activity. Although he admitted that the decision was not wise, he stressed that no third part was damaged:
“I suffered losses, but since the income came from my work and there are no creditors beyond the bank’s guarantees, I consider Fortunato that no one else was hit”.
He also revealed that he had cut the bonds with the company, reimbursed a significant part of the funds withdrawn as progress, and is about to sell personal real estate activities to cover the rest.
Despite taking responsibility, public criticisms have continued, some of which live in personal territory, including the blows in its car and the expense habits. Critics claim that this is excessive, especially considering this The use of personal companies for tax and investment purposes is a standard practice In the entertainment industry in Korea. Hunminjeongeum Entertainment It has been legally recorded both for the management of talents and for real estate leasing.
The controversy can also affect its professional projects. His show of variety of appointments, Because they are singleHe completed the filming, but according to what the producers reported they are discussing whether to have the episodes in the light of the scandal.
