CEO Kwon Jin-young of "Lee Seung-ki's former agency" embezzled 4 billion won in the first trial..suspended prison sentence [Star Issue]

*This content was translated by AI.

Kwon Jin-young, CEO of Hook Entertainment, who is accused of privately misappropriating billions of won in company money, received a suspended prison sentence in the first trial.

According to News 1 on the 3rd, the Seoul Southern District Court's Criminal Agreement Department 12 (Chief Judge Park Jong-yeol) sentenced CEO Kwon to two years in prison and four years of probation on charges of embezzlement and breach of trust under the Specific Economic Crimes Aggravated Punishment Act.

The court explained the reason for the sentencing, saying, "It is not socially acceptable and a light crime to use property arbitrarily by exercising control over the company," adding, "If you use your property as you please just because it is a one-man company that controls you, it can cause unexpected damage to people involved in the company, so stricter management is needed."

However, the court said, "The defendant admits the charges, and all the damage has been recovered through reimbursement or deposit. There are also circumstances to take into account the sentencing," he said, suspending the execution of the sentence.

CEO Kwon Jin-young was indicted in October last year on charges of using about 4 billion won of Hook Entertainment's funds privately, including purchasing furniture and paying insurance premiums, from 2012 to 2022. He is also on trial for illegally prescribing the sleep-inducing drug Zolpidem, which is classified as Kwon Jin-young's representative psychotropic drug.

Meanwhile, CEO Kwon Jin-young founded Hook Entertainment in 2002 and had a legal battle with his celebrity Lee Seung-ki since 2022 over the settlement money, and lost in April last year.

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*This content was translated by AI.