'Stock Manipulation Involvement' Im Chang-jung's Wife Seo Ha-yan Also 'Cut Off' Backlash... "Name Removed from Group"

"Removed from Creator Group
All Schedules Canceled After Im Chang-jung Incident"

Amid the ongoing industry-wide 'cut-off' movement against singer Lim Chang-jung, who has recently been implicated in a stock manipulation scandal, claims have emerged that the repercussions are extending to his wife, Seo Ha-yan.

On the 16th, the YouTube channel ‘Entertainment President Lee Jin-ho’ released a video titled ‘Gone into hiding? Lim Chang-jung cut off. Shocking recent status of wife Seo Ha-yan.’

Photo by Seohayan Instagram

He explained, “It is accurate to say that all businesses using Lim Chang-jung’s name or activities involving him personally have been halted,” noting that franchise meat restaurants, alcohol products, and other goods bearing Lim Chang-jung’s name have all stopped sales or removed his name.

Lee Jin-ho further claimed that the ‘cut-off’ movement surrounding Lim Chang-jung is extending beyond him to include Seo Ha-yan as well.

He stated, “Seo Ha-yan is known to have launched restaurants and various franchise businesses under her own name, but no actual business has progressed,” adding, “Her only activity has been as a creator with Sandbox.” He also mentioned that Seo Ha-yan’s name can no longer be found within the creator group Sandbox.

Lee Jin-ho explained, “There was even a filming schedule just before this incident broke out, but after the Lim Chang-jung scandal, everything was canceled. ‘Let’s pause for the time being,’ so all productions were temporarily halted.”

He added, “It has become difficult for Lim Chang-jung and Seo Ha-yan to continue their activities, and Seo Ha-yan is not just any creator,” and “Lim Chang-jung had revealed that ‘my wife is very ill,’ and upon checking, Seo Ha-yan is in a state of severe shock, both physically and mentally.”

However, he noted, “Seo Ha-yan’s name has come up in connection with this investment case because Ra Deok-yeon and Lim Chang-jung established a corporation to start a new entertainment business, and Seo Ha-yan was listed as an auditor or director,” but “it has been confirmed that Seo Ha-yan is essentially not involved in this investment case.”

Meanwhile, the ‘cut-off’ movement against singer Lim Chang-jung, who is linked to the stock manipulation ring, has recently been spreading. Following concert cancellations and product withdrawals, even franchise stores he established have erased traces of him.

The Seoul Southern District Prosecutors’ Office and the Financial Services Commission joint investigation team arrested and is investigating Ra Deok-yeon, CEO of H Investment Advisory, who is suspected of stock manipulation related to the SG Securities incident, on the 11th.

This content was produced with the assistance of AI translation services.