South Korean prosecutors seek three years in prison for actress Hwang Jung-eum, who allegedly embezzled 4.2 billion won of public funds to invest in cryptocurrency.

BlockBeats news, 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 was prosecuted for allegedly embezzling 4.3 billion won (about 3.07 million USD) and investing in virtual currency.

The Jeju District Prosecutor's Office requested the court to sentence actress Hwang Jung-eum to three years in prison for the crime of embezzlement, as examined in the public trial of the second criminal division of the Jeju District Court on the 21st, presided over by Judge Lim Jae-nam.

According to previous reports, on June 17, South Korean actress Hwang Jung-eum was prosecuted for allegedly embezzling approximately 4.2 billion won (about 3.07 million USD) to invest in virtual currency. 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 withdrew a total of 4.34 billion won from Hunminjeongeum Entertainment around 2022, most of which was used for cryptocurrency investments. The case involves violations of the relevant provisions regarding embezzlement in the Specific Economic Crimes Aggravated Punishment Act and is currently undergoing judicial proceedings.