The past month has been filled with scandal in the Korean entertainment industry, and today we have a new one.
One of Kpop’s most beloved bands, lead singer Jung Yong Hwa is being investigated for inside trading.
Allegedly, Jung earned 200 million won by buying stock in FNC Entertainment after learning of their plans to sign a big star.
This all of course all comes down to discovering when Jung learned of this information. If they find that Jung knew of this prior to purchasing the stock, then he will be in hot water.
FNC Entertainment release a statement stating “The prosecution is investigating this case and we believe that it is wrong to reveal any information to outsiders of the investigative agency.”
Stay tuned as I am sure more news on this will be coming out shortly…