South Korean actress Hwang Jung-eum is dealing with public criticism after admitting she used over 4.3 billion received (round $3.1 million) from her personal firm to purchase cryptocurrency.
The cash got here from a one-person company she owned and used to handle her profession.
Her admission was made throughout a courtroom listening to on Could 15 at Jeju District Courtroom. Prosecutors charged her underneath a regulation that offers with critical financial crimes.
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In a Could 16 assertion shared by her new administration firm, Y.One Leisure, Hwang mentioned she was sorry and defined that she hoped the funding would assist her enterprise develop. She admitted the choice was rushed and poorly thought out.
On Could 20, the manufacturing crew of the fact present As a result of I’m Single eliminated her from the ultimate episode. They mentioned her recorded footage wouldn’t be proven, and her function as host could be lowered.
Moreover, a drink firm, Daesang Wellife Nucare, pulled down its newest promoting marketing campaign that includes Hwang days after it launched. The corporate additionally cancelled a web based occasion and eliminated her promotional content material from social media, with no direct rationalization past “schedule adjustments”.
In courtroom, Hwang’s legal professionals defined that though the funds got here from her firm, the earnings was earned from her personal appearing work. Since firms in South Korea can’t maintain crypto immediately, the cash has been stored underneath her private title.
Her authorized crew argued that the cash was successfully hers, not separate from her enterprise earnings.
On Could 18, the Australian Federal Police (AFP) seized almost 25 Bitcoin, a beachside mansion, and a Mercedes-Benz from Shane Stephen Duffy of Queensland. What led to the seizure? Learn the complete story.
Having accomplished a Grasp’s diploma in Economics, Politics, and Cultures of the East Asia area, Aaron has written scientific papers analyzing the variations between Western and Collective types of capitalism within the post-World Warfare II period.With near a decade of expertise within the FinTech business, Aaron understands the entire largest points and struggles that crypto fanatics face. He’s a passionate analyst who is anxious with data-driven and fact-based content material, in addition to that which speaks to each Web3 natives and business newcomers.Aaron is the go-to particular person for the whole lot and something associated to digital currencies. With an enormous ardour for blockchain & Web3 schooling, Aaron strives to rework the area as we all know it, and make it extra approachable to finish novices.Aaron has been quoted by a number of established retailers, and is a broadcast writer himself. Even throughout his free time, he enjoys researching the market tendencies, and in search of the subsequent supernova.
