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Hwang Jung‑eum Gets Two-Year Sentence Suspended in $3 Million Crypto Embezzlement Case

Full repayment combined with a clean record led the court to leniency under Korea’s aggravated economic‑crime law.

Overview

  • Jeju District Court ordered two years in prison, suspended for four years, meaning no incarceration unless she reoffends during probation.
  • Investigators said she took about 4.34 billion won from her sole-owned agency in 2022, investing roughly 4.2 billion won in cryptocurrency.
  • She admitted the charges at her May hearing and completed full repayment by June 5 after selling personal assets and making installments.
  • Prosecutors sought a three-year term, but judges emphasized restitution and first‑offender status in setting the suspended sentence.
  • The case has triggered career fallout, with reports of edits and dropped endorsements, and renewed scrutiny of small talent-run agencies and crypto oversight.