Kwon Jin-young, CEO of Hook Entertainment, Arrest Warrant Dismissed... "Most Evidence Collected, Residence Schedule Confirmed"

Kwon Jin-young, CEO of Hook Entertainment. [Image source=Hook Entertainment]

The court dismissed the arrest warrant request filed against Kwon Jin-young, CEO of Hook Entertainment, the agency representing singer Lee Sun-hee, on charges of embezzling billions of won from company funds.

On the 29th, Yoo Hwan-woo, the warrant judge at the Seoul Southern District Court, dismissed the arrest warrant request for CEO Kwon, stating, "His residence is fixed, and most of the evidence related to the criminal charges has been collected."

Judge Yoo explained, "Considering that the full amount of damages to the victim appears to have been returned or deposited in escrow, as well as the progress of the investigation and his attitude during the hearing, it is difficult to see any risk of evidence tampering or flight."

CEO Kwon is accused of embezzling approximately 4 billion won from Hook Entertainment's funds from 2012 until October of last year.

The Police Agency's Major Crimes Investigation Division applied for an arrest warrant against CEO Kwon on charges of embezzlement under the Act on the Aggravated Punishment of Specific Economic Crimes. Additionally, the police are investigating singer Lee Sun-hee on embezzlement charges. Lee Sun-hee established One Entertainment in 2013 and served as its CEO until June of last year. She appeared for police questioning on allegations of misappropriating company funds. CEO Kwon was listed as a director of One Entertainment.

Meanwhile, CEO Kwon is also under police investigation and was sent to the prosecution in June on charges of violating the Narcotics Control Act for illegally obtaining zolpidem, a sleep-inducing drug classified as a psychotropic substance.

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