Im Chang-jung is not guilty of stock price manipulation ♥ Revealed plans for a concert within the Western White House
Feb 12, 2025
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On the 12th, Lim Chang-jung posted several photos with a short text saying "Shooting."
In the photo released, Lim Chang-jung, who was cleared of stock manipulation by writing, 「Concert poster shooting」, revealed his plan to hold a concert.
In addition, the scene where his wife, Seo White, visited together for internal assistance at the concert poster shooting site attracts attention.
Netizens are saying, "I guess you're finally performing", "You have to make a reservation unconditionally" and "Finally, the news of the performance you've been waiting for" were shown."
Earlier in April last year, Lim Chang-jung was investigated by the prosecution as a suspect, investing 3 billion won in an investment consulting firm H, which was cited as a stock manipulator in connection with the stock price crash from Societe Generale. At that time, a video of Lim Chang-jung attending an investor meeting and recommending investment by saying Ra Deok-yeon is a `very religious' has spread. In addition, the name of his wife Seo White was mentioned on the inside director of the entertainment company registered by Lim Chang-jung with CEO Ra Deok-yeon, raising suspicions that he partnered with the stock price manipulation team beyond simple investment.
However, the Seoul Southern District Prosecutors' Office's Joint Investigation Department on Financial and Securities Crimes announced that Lim Chang-jung and Kim Ik-rae, former chairman of Dowkium Group, were not indicted. Prosecutors investigated forensics of confiscated objects such as mobile phones, summoning those involved, and analyzing account details, and determined that Lim Chang-jung could not be considered to have participated in the market price manipulation crime of Ra Deok-yeon.
The prosecution explained that the remarks were made before Lim Chang-jung invested in a market price manipulation organization, and the remarks were improvised to show off his friendship with Ra without prior planning during the event. In addition, it was found that Lim Chang-jung did not receive any investment proceeds or investment attraction consideration from Ra Deok-yeon.
Although Lim Chang-jung was cleared of involvement in stock price manipulation, he has been under numerous rumors over the next year. In March, Yes I'm Academy, named after Lim Chang-jung, was embroiled in a collective complaint by its actors over allegations of non-payment of advertising fees.
In addition, a series of memberships in a beauty salon run by Lim Chang-jung were also raised. A Naver cafe posted a message saying, `Seopanggyo Hair Talk is closed.' The hair salon 'Hair Talk' mentioned in the post was opened in the name of an acquaintance by Lim Chang-jung in 2014, and he actively promoted it as a hair salon he opened through broadcasting. However, in response to this, Lim Chang-jung drew a line, saying that it is a business run by someone else, not by direct operation.
At that time, Lim Chang-jung issued a statement when he was cleared of stock price manipulation. Lim Chang-jung has lived under the name Lim Chang-jung for more than 30 years. I always had to be grateful and valued for that name, but I feel so miserable because it's so dirty and hurtful." Lim Chang-jung said, "I'm really sorry for the past for not being faithful to my main job as an artist. Even if I don't get legal punishment for my inveterate and immature choices that don't need to be excused, will I be able to cover up all my shameful behavior. I'll live with self-reflection all my life, so please watch. Once again, I apologize from the bottom of my heart," he said.
narusi@sportschosun.com
