Star Hwang Jung-eum faces 3 years in prison for using company funds to purchase cryptocurrency.

Actress Hwang Jung-eum is accused of embezzling 4.3 billion won (, 3.3 million USD ) from her own entertainment company to invest in cryptocurrency in 2022. According to prosecutors, Hwang borrowed 800 million won, then transferred 700 million won from the company account to her personal account to purchase cryptocurrency through about 10 transactions, with the remainder used to pay taxes. The case is being tried in Jeju District Court, where prosecutors are seeking a three-year prison sentence under the aggravated punishment law for economic crimes.

Hwang has admitted to all the allegations while proving that she has refunded the amount of money. The defense attorney argues that the company only served her personal activities, and all assets were created by her. They emphasize that Hwang acted immaturely but had no fraudulent intent, and they request the court to consider a lenient sentence. The final verdict is expected to be delivered in the coming weeks.