*This content was translated by AI.

Former managers of broadcaster Park Na-rae, who were indicted on charges of demanding a portion of the company's revenue, denied the allegations.
On the afternoon of the 29th, Criminal Division 4 of the Seoul Western District Court held the first hearing for Shin Mo and Lee Mo, two former managers of Park Na-rae, charged with violation of the Act on Punishment of Violent Acts, etc. (joint extortion).
On this day, legal counsel for Shin Mo stated, "We do not admit to the charges. The defendant (Shin Mo) has the right to receive money from (Park Na-rae), did not notify of contract termination, and did not demand 500 million won," denying the allegations.
Regarding the charge of fraud by use of a computer, etc., they argued, "The money was paid in accordance with a bonus agreement, and the defendant never directly transferred the funds. We deny the charge regarding the embezzlement related to a video for a cosmetics brand because the transfer was made with the approval of the victim (hereinafter Park Na-rae)."
Previously, the Seoul Western District Prosecutors' Office indicted Shin Mo and Lee Mo without detention on the 6th of last month. According to the Prosecution Service, the two are suspected of demanding an amount equivalent to 10% of the company's revenue in 2024 while claiming that "Park Na-rae used company funds privately for her ex-boyfriend, among others." However, it was investigated that they did not actually receive the money, and the crime remained at the attempted stage.
Separately, Shin Mo is also suspected of diverting approximately 44 million won from Park Na-rae's company funds. Accordingly, charges of embezzlement in the course of business and fraud by use of a computer, etc., were also applied.
Currently, Park Na-rae has suspended all activities amid controversy over unfair treatment by her managers. The former managers filed complaints against Park Na-rae for special assault, defamation through false statements, and other suspected illegal acts. In response, Park Na-rae filed counter-complaints against the former managers on charges of attempted extortion, embezzlement in the course of business, and others.
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*This content was translated by AI.
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