close
close

Advertisers cut relationships with actor Hwang Jung-Eum over the crypto scandal

Published: May 16. 2025, 12:54

Actor Hwang Jung-Eum [YONHAP]

The advertisers have started to shorten the relationship with actor Hwang Jung-Eum after admitting that they invested in cryptocurrency from their own company on Thursday.
On Friday, advertisements and videos from Hwang for Daesang Wellife Nucare were deleted from the official social media channels of the Nutrition Drink Brand. It has been less than a week since the advertisements have been released for the first time on Monday.
As part of the advertising campaign, the brand also made a commentary event in which “changes in internal timetables” were cited.
According to local reports, SBS Plus said that it is “waiting for an answer from the agency” in relation to its variety show “because I'm solo” (2024-) that Hwang houses. The channel said that he would decide whether Hwang should be broadcast from episodes in the future, “depending on the statement”.
Hwang apologized on Thursday evening that she had made a “hasty and immature decision” after she had admitted all the charges for embezzlement, in particular when taking 4.3 billion won ($ 3 million) in company funds from her family-run agency y.one entertainment and a large part of the money to invest in cryptocurren.
Hwang said that “she had 100 percent of the company and that no other celebrities were ever signed”. Her lawyer added that she paid back the losses.

By Shin Min-Hee [[email protected]]


Leave a Comment