According to Chosun media in Techub News, Alpha Asset Management, a management company led by CEO Choi Jun-hyuk, the husband of Korean actress Jeon Ji-hyun, is facing significant book losses due to holding Wemade stocks worth 35 billion won.
The company purchased shares at 34,894 won and 63,887 won per share in October 2023 and January 2024, respectively, while the current stock price is 25,000 won, estimated to result in losses of 15.8 billion won. Recently, the virtual currency WEMIX was delisted by the Korean Exchange Alliance DAXA due to a security incident, causing expectations of a Wemade stock rebound to fall flat. Previously, WEMIX's price surge had often driven Wemade's stock price up. Wemade's stock has dropped over 25% this year. The company reported a first-quarter operating loss of 11.3 billion won, which is twice the average forecast by securities firms.
