Kwon Jin-young, CEO of Hook Entertainment, who was indicted on charges of privately using billions of won of company funds, received a suspended prison sentence in the first trial.
On the 3rd, Seoul Southern District Court Criminal Division 12 (Judge Park Jong-yeol, Director General) sentenced CEO Kwon Jin-young, indicted on charges including embezzlement·breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes, to two years in prison with a four-year suspended sentence.
The court said, "Exerting control over a company to appropriate assets at will is not socially acceptable and cannot be considered a minor crime. Even a single-owner corporation can cause unexpected harm to other people related to the company, so stricter management is necessary."
It added, "The defendant admits the charges, and the damage has been fully restored through repayment or deposit," explaining the reasons for sentencing.
Meanwhile, CEO Kwon Jin-young was indicted in October last year on charges of using about 4 billion won of Hook Entertainment funds for private purposes such as furniture purchases and insurance premium payments from 2012 to 2022.
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