According to ChosunBiz, Alpha Asset Management, managed by Choi Jun-huk, husband of Korean star Jeon Ji-hyun, suffered significant losses from investing in the game company Wemade. Alpha invested a total of 35 billion won in Wemade stocks in 2023 and 2024, and is now facing cumulative book losses of 15.8 billion won due to a stock price drop of approximately 28%. This decline is related to WEMIX virtual currency being delisted for the second time by a Korean exchange, following a previous hack that resulted in asset losses of around 9 billion won. WEMIX is a virtual currency issued by Wemade through its subsidiary.
Korean star Jun Ji-hyun's husband faces huge losses due to investment in Wemade, a listed company involved in blockchain gaming business
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