South Korean actress Hwang Jung-eum is suspected of embezzling 300 million yuan to invest in Crypto Assets. The prosecution seeks a 3-year sentence.

On August 22, according to Yonhap News Agency, the South Korean prosecution is seeking a three-year prison sentence for actress Hwang Jung-eum, who has been charged with embezzling 4.3 billion won (approximately 3.07 million USD) and investing in Virtual Money.

On the 21st, the Jeju District Prosecutor's Office requested the court to impose a 3-year prison sentence on the accused actor Hwang Jung-eum for the crime of violating the "Special Economic Crimes Aggravated Punishment and Related Laws" (embezzlement) during the public trial held by the Second Criminal Division of Jeju District Court (Chief Judge Lim Jae-nam).

According to previous reports, on June 17, South Korean actress Hwang Jung-eum (phonetic) was sued for allegedly misappropriating approximately 4.2 billion won (about 3.07 million USD) of company funds to invest in Virtual Money. 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 Previously, Hwang Jung-eum had withdrawn a total of 4.34 billion won from Hoonminjeongeum Entertainment around 2022, most of which was used for cryptocurrency investments. The case involves violations of the relevant provisions of the Act on the Aggravated Punishment of Specific Economic Crimes regarding misappropriation of funds, and it is currently undergoing judicial proceedings.