The South Korean prosecution seeks a three-year prison sentence for actress Hwang Jung-eum, who allegedly misappropriated 4.2 billion won of public funds to invest in cryptocurrency

ChainCatcher news, according to Yonhap News Agency, the South Korean prosecution is seeking a three-year prison sentence for actress Hwang Jung-eum, who has been indicted for allegedly embezzling 4.3 billion won (approximately 3.07 million USD) and investing in virtual currency.

The Jeju District Prosecutors' Office requested the court to sentence the indicted actress Hwang Jung-eum to three years in prison for the charge of embezzlement under the Act on the Aggravated Punishment, etc. of Specific Economic Crimes during a public trial held on the 21st at the Second Criminal Division of the Jeju District Court (presided over by Judge Lim Jae-nam).

Earlier reports indicated that on June 17, South Korean actress Hwang Jung-eum (transliteration) was indicted for allegedly embezzling approximately 4.2 billion won (about 3.07 million USD) to invest in virtual currency. Her management company Y1 Entertainment stated on June 17 that Hwang Jung-eum had repaid all debts in two installments on May 30 and June 5. Previously, Hwang Jung-eum withdrew a total of 4.34 billion won from Tunmin Jeong-eum Entertainment around 2022, most of which was used for cryptocurrency investments. The case involves violations of the relevant provisions regarding embezzlement in the Act on the Aggravated Punishment of Specific Economic Crimes and is currently undergoing judicial proceedings.