*This content was translated by AI.
Actor Hwang Jung-eum, who caused a social stir by embezzling 4.3 billion won in company money, has completed official registration as a one-person agency. Analysts say that the government may have started pre-maintenance to resume activities.
As a result of the Star News report on the 23rd, Hwang Jeong-eum's agency Hunminjeongeum Entertainment completed the registration process for the pop culture and arts planning business on the 22nd. It is the first registration in about 13 years since its establishment in July 2013. Hunminjeongeum Entertainment is a one-man agency that Hwang Jung-eum has 100% of his stake in, and Hwang Jung-eum is listed as the CEO. His mother, identified only by her surname Yoo, was also listed as an in-house director.
According to the current Pop Culture and Arts Industry Development Act, pop culture and arts planning companies must register with the Minister of Culture, Sports and Tourism through an administrative agency having jurisdiction over the location of the workplace. If you operate in violation of this, you can face up to two years in prison or a fine of up to 20 million won.
Hwang Jung-eum is expected to start preparing for the overall entertainment activities in the future through Hunminjeongeum Entertainment. Hwang Jung-eum terminated her exclusive contract with her former agency, Y1 Entertainment, on November 27 of the same year after the embezzlement of hundreds of millions of won in company money was revealed to the surface last year.
Hunminjeongeum Entertainment was criticized on the 8th when it was revealed that it had been operating without registration of the pop culture and art planning business. The mandatory registration of pop culture and arts planning businesses was created in 2014 when the Popular Culture and Arts Industry Development Act was enacted.
In response, Hwang Jung-eum said in a statement on the 9th, "Hunminjeongeum Entertainment, which I currently represent, is a one-person company and has been provided with various services related to the popular culture and arts industry by its existing agency, Y1 Entertainment. For this reason, we decided that Hunminjeongeum Entertainment did not directly carry out the pop culture and arts planning business, including management work, for me, an actor, and as a result, we have thought that a separate registration for the pop culture and arts planning business is not necessary."
"Since a few months ago, I have seen companies run by many celebrities become an issue due to the non-registration of the pop culture and arts planning business, and I believe it is desirable to have a more legally stable process," he said. "We have been in the process of registering for the pop culture and arts planning business since November, and I have completed all the training courses necessary for registration on November 5."
Hwang Jung-eum also said, "Registration of the pop culture and arts planning business is a registration process, not a permit or authorization, and it is completed through a confirmation process when essential documents such as registration application and online education certificate are submitted." However, I ask the fans to understand with a broad mind that this happened," he apologized.
Meanwhile, Hwang was sentenced to two years in prison and four years of probation in September last year for embezzling 4.3 billion won in company money. Hwang Jung-eum was put on trial for embezzling 4.3 billion won 13 times, including transferring the money to his personal account in the name of provisional payment after taking out a loan under the name of Hunminjeongeum Entertainment in 2022. Of this, 4.2 billion won was reportedly invested in virtual currency. Hwang Jung-eum admitted all of the charges during the trial, and reportedly reimbursed the entire amount of damage twice in May and June last year.
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*This content was translated by AI.
