'Embezzlement of 4 Billion Won Company Funds' Charges Put CEO Kwon Jin-young at Risk of Arrest
Whether Detention Will Be Decided Today Likely
Kwon Jin-young, the CEO of Hook Entertainment, the agency representing singer Lee Sun-hee, and accused of embezzling company funds worth tens of billions of won, is facing the risk of detention.
According to the legal community on the 29th, the Police Agency's Major Crimes Investigation Division applied charges of embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes against CEO Kwon and requested an arrest warrant. CEO Kwon appeared at the Southern District Court around 1:40 PM that day.
![Kwon Jin-young, CEO of Hook Entertainment. [Photo by Hook Entertainment]](http://www.asiae.co.kr/news/img_view.htm?img=2023082916105756093_1693293056.jpeg)
CEO Kwon's pre-arrest detention hearing (warrant hearing) was held that afternoon under the presiding judge Yoo Hwan-woo, who is in charge of warrants at the Seoul Southern District Court. The decision on detention is expected to be made that afternoon.
Earlier, the Police Agency's Major Crimes Investigation Division had applied for an arrest warrant for CEO Kwon last week.
CEO Kwon is accused of embezzling approximately 4 billion won of Hook Entertainment's funds from 2012 until October of last year (embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes).
![Lee Sun-hee [Photo by Hook Entertainment]](http://www.asiae.co.kr/news/img_view.htm?img=2023082916102756091_1693293027.jpeg)
The police are also investigating singer Lee Sun-hee on embezzlement charges. They suspect that she embezzled funds from One Entertainment, where she served as CEO.
Lee established One Entertainment in 2013 and served as its CEO until June of last year. She appeared before the police for investigation on charges of misappropriating company funds. CEO Kwon was listed as a director of One Entertainment.
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In addition, CEO Kwon was sent to the prosecution in June on charges of illegally obtaining zolpidem, a sleep-inducing drug classified as a psychotropic substance.
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