According to Gate News bot, ChosunBiz reported that Alpha Asset Management, run by South Korean actor Jeon Ji-hyun’s husband Choi Joon-hyuk, has incurred massive losses after investing in gaming company Wemade. Data shows that Alpha Asset Management invested a total of 35 billion won to purchase Wemade stocks between 2023 and 2024, and the current stock price has fallen by 28%, resulting in a book loss of 15.8 billion won.
The background for the fall in stock prices is the second delisting of the virtual currency Wemix, issued by Wemade’s subsidiary, on the Korean exchange. Previously, Wemix suffered a hacking attack, resulting in a loss of approximately 9 billion won in assets.
Source: ChosunBiz
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