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The fund under the husband of Jeon Ji-hyun holds a Heavy Position in Wemade, losing 15.8 billion won due to the delisting of Wemix coin, which triggered a big dump in stock prices.
According to reports, Alpha Asset Management, led by South Korean star Jeon Ji-hyun’s husband Choi Jun-hyuk, has suffered significant losses due to investments in the gaming company Wemade. Alpha invested a total of 35 billion won to purchase Wemade stocks in 2023 and 2024, and is now facing a cumulative paper loss of 15.8 billion won as the stock price has fallen by about 28%. This drop is related to the second delisting of the Wemix virtual money from a certain trading platform in South Korea, which had previously lost about 9 billion won in assets due to a hacker attack. Wemix is a virtual currency issued by Wemade through its subsidiary.