Actress Hwang Jung-eum Under Fire After Admitting to Using Company Funds for Crypto Investments

South Korean actress Hwang Jung-eum is facing legal scrutiny and public backlash after admitting in court to using over $3 million from her own agency’s funds to make personal cryptocurrency investments. The confession has led to swift consequences, including her removal from TV programs and the termination of brand partnerships.

🎬 Edited Out of Show, Dropped by Advertisers The production team behind "Because I’m Single" on SBS Plus confirmed that Hwang was cut from the show’s final episode, which aired this week. “Segments featuring Hwang Jung-eum will not appear, and her commentary will be minimized,” producers stated.

Meanwhile, Daesang Wellife Nucare, a health drink brand, withdrew its freshly launched campaign featuring the actress. Posters, videos, and related promotions were removed from the company’s official channels, citing “internal scheduling changes.”

⚖️ Court Admission and Steps Toward Repayment Last week, Hwang appeared before the Jeju District Court, where she admitted to using ₩4.34 billion (approximately $3.1 million) from her self-managed agency to purchase cryptocurrencies. The agency represented only her and was fully under her control. She now faces charges under South Korea’s Economic Crimes Enhancement Act. “I sincerely apologize for the concern I’ve caused. I made the investment with the hope of growing the company, but it was a hasty and immature decision,” Hwang said in a statement released by her new agency, Y.One Entertainment.

💼 Legal Defense: “Funds Originated From Her Own Earnings” Hwang’s legal team argued that the funds did not technically belong to the agency but were her personal entertainment earnings, temporarily held under the company’s name. This was necessary, they claim, because Korean law prohibits corporations from directly holding cryptocurrency assets. “Since the agency’s revenue stemmed entirely from her work, the funds can reasonably be considered her own,” her lawyer stated in court.

She has reportedly sold off some crypto holdings to repay a portion of the funds, and plans to liquidate real estate to cover the rest. A second court hearing is scheduled for August.

🧩 Personal Turmoil Adds to Scandal The scandal coincides with a turbulent chapter in Hwang’s private life, including an ongoing divorce. Her role in “Because I’m Single” had marked a television comeback in October last year — now abruptly overshadowed by legal troubles.

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