According to BlockBeats on June 17, South Korean actress Hwang Jung-eum (transliteration) has been indicted for allegedly embezzling approximately 4.2 billion KRW (approximately 3.07 million USD) in company funds to invest in virtual currencies. Her managing agency, Y1 Entertainment, stated on June 17 that Hwang Jung-eum returned the full amount owed in two installments on May 30 and June 5. Previously, Hwang Jung-eum withdrew a total of 4.34 billion KRW from Hunminjeongeum Entertainment around 2022, with most of the funds used for cryptocurrency investments. The case involves violations of the "Act on the Aggravated Punishment of Specific Economic Crimes" concerning embezzlement of funds and is currently under judicial proceedings. (Yonhap News)
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