The South Korean actress, Huang Yong Om, was handed over a suspended prison sentence on Thursday after a court found that she took the company's money and used most of them to buy the cryptocurrency. According to the local Jeju Court, the total amount involved was about 4.34 billion and 3.1 million dollars – the case has sparked sharp general reactions and implications in the industry.
The hands of the court are attached to the ruling
Based on the reports, the court sentenced Huang to be imprisoned for two years, but the sentence was suspended for four years, which means that it will not go to prison unless the conditions for monitoring are broken.
Prosecutors request a three -year prison period. The court applied the law on the strict punishment for specific economic crimes in reaching its ruling.
Judges said that factors such as full payment and Hwang's lack of a former criminal record weighing in favor of leniency.
The accusations and how the encryption moved
Reports revealed that the alleged embezzlement occurred in 13 separate transactions in 2022. About 4.2 billion funds were used to buy encryption, while smaller amounts covering local property and fees through credit card payments.
According to shipping documents, withdrawals were recorded as temporary payments or progress and later directed from the Agency's accounts to HWang accounts.
Encryption
Before the verdict, Huang paid the full amount, according to media reports of its agency. Two large plots were made on May 30, 2024 and June 5, 2024, funded by the financing of personal assets.
Huang has publicly apologized in court and in statements, describing the moves of its ruling and accepting responsibility for its actions. As of mid -June 2025, all financial obligations were settled between the actress and the company.
Industry response and repercussions
The reaction of broadcasters was quickly. Based on reports, some networks have edited HWang outside the programs, and a number of brand deals have been stopped or canceled.
The damage is legal and reputation. While the court noted that the agency operates as a company from one person and that external victims were limited, advertisers and networks tend to move quickly when a high -level legal case appears.
Wide questions about celebrity financing
Legal observers say the issue highlights the increasing scrutiny on how artists deal with the company's money and encryption investments. South Korea tightens the rules and supervises virtual assets, and this ruling may indicate a more strict enforcement in the future.
Distinctive image from Unsplash, tradingvief chart
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