Actress Hwang Jung Eum, who is 41 years old, has faced trial for allegedly embezzling funds from her own management agency and investing them in cryptocurrency. The trial was presided over by Judge Lim Jae Nam at the Jeju District Court. The charges against Hwang include embezzling about 4.34 billion KRW (approximately 3.1 million USD) from the company until December 2022. A portion of this amount, around 700 million KRW (roughly 520,000 USD), was received by Hwang as an advance payment in early 2022, which she is said to have used for cryptocurrency investments.

Despite owning 100% of the management agency through a family corporation, Hwang Jung Eum's legal team acknowledged the embezzlement charges during the trial. This incident has shocked Korean netizens due to the significant amount of money involved and the risky investment in cryptocurrency. Observers have expressed surprise and concern over the decision to use company funds for personal investments, especially in volatile assets like cryptocurrency.