South Korean actress Hwang Jung-eum has been prosecuted for allegedly embezzling over 4 billion won to invest in cryptocurrency.

In the trial on August 21, Hwang Jung-eum admitted to misappropriating company funds and returned the full amount. The case will have a final ruling on September 25.

MAIN CONTENT

  • Hwang Jung-eum is accused of embezzling 4.2 billion won to invest in cryptocurrency.

  • She admitted her guilt and has fully returned the embezzled amount.

  • The court will issue its final ruling on September 25, 2024.

What charges does Hwang Jung-eum face related to cryptocurrency?

Hwang Jung-eum is accused of embezzling approximately 4.2 billion won (3.07 million USD) from the company to invest in cryptocurrency.

Using company funds for cryptocurrency investment is strictly prohibited by South Korean law, especially in the context of a cryptocurrency market that demands transparency and strict regulation.

How did Hwang Jung-eum respond to and resolve the issue?

In the trial on August 21, Hwang Jung-eum admitted to all embezzlement acts and fully returned the alleged amounts in May and June.

This action demonstrates cooperation and accountability from the defendant, somewhat mitigating the severity of the situation. The complete return of the embezzled amount is an important consideration in the legal proceedings according to South Korean laws regarding economic crimes.

The act of acknowledging and returning the money shows a sense of responsibility towards the law, contributing to greater transparency in the field of cryptocurrency investment, while also protecting the reputation of both the individual and the related company.

South Korean financial economics expert, August 2024

What are the results and next legal steps of the case?

The South Korean court will issue its final ruling on September 25, 2024, after the next trial session.

Criminal charges are examined rigorously based on authentic evidence, including the return of money and the defendant's testimony. The ruling will influence the legal perspective on using improperly sourced funds from companies to invest in cryptocurrency.

Frequently Asked Questions

What laws did Hwang Jung-eum allegedly violate in the cryptocurrency case?

She is prosecuted under the Severe Punishment Law for Special Economic Crimes in South Korea.

How did she return the embezzled money?

Hwang returned the full 4.2 billion won in two installments in May and June 2024.

When is the final ruling date for the case?

The court is expected to issue a ruling on September 25, 2024.

Why is investing company funds in cryptocurrency a violation of the law?

Because using company capital for personal purposes without permission violates regulations on financial management and capital transparency.

What impact does the acknowledgment and return of money have on the case?

This helped mitigate the punishment and is considered a positive cooperation in the legal process.

Source: https://tintucbitcoin.com/hwang-jung-eum-bi-de-nghi-tu-3-nam/

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