P1Harmony’s Keeho has addressed the controversy surrounding his mother’s fraud case!

On February 17, FNC Entertainment, the agency representing Keeho, released an official statement clarifying the situation.

The statement revealed, "An incident involving Keeho’s mother was reported to the police last year, and after investigation, it was concluded with no charges. However, the case was recently reopened for further investigation due to the victim’s objection."

The agency went on to explain that "Keeho is completely unrelated to this incident and was unaware of how the case was progressing. However, the victim mentioned Keeho’s name several times on social media, and they have since apologized for the misunderstanding."

FNC Entertainment also made it clear, "If the investigation reveals that Keeho’s mother was at fault, she will, of course, be held legally responsible. As a son, Keeho expresses his deep apologies to the victim and is committed to resolving the issue."

They further asked for understanding, stating, "Since the investigation is ongoing, we ask that people refrain from spreading malicious rumors or making reckless personal attacks. We apologize for the concern caused by this issue involving our artist's family."

The incident dates back to March of last year, when Keeho’s mother was accused of fraud and violating the law on the regulation of similar reception activities. The alleged victim claimed the fraud amounted to a massive 1.1 billion KRW.

Source: [1]

Sunmi is caught up in controversy after the NFT project she promoted made billions of KRW—only to lose most of its value, leaving investors frustrated.

According to Kyunghyang Shinmun on February 21, Sunmi, her agency, and a KOSDAQ-listed company launched the NFT collection Sunmiya Club in February 2022.

The project used blockchain technology to verify ownership of digital assets, turning illustrations inspired by Sunmi’s career into NFTs. Buyers were promised exclusive services to increase their investment value.

Thanks to Sunmi’s strong promotion, the NFTs were a huge success at first, selling out and making billions of KRW.

However, things took a turn when the NFT market crashed due to the Terra-Luna crisis and the bankruptcy of the U.S. crypto exchange FTX in late 2022.

By 2023, Sunmiya Club had stalled, and the once high-value NFTs dropped to just tens of thousands of KRW.

As investors faced major losses, some turned their frustration toward Sunmi. In response, the company behind the project stated, “We have fully followed the roadmap announced at the beginning and have continued operations.

The funds raised from the NFTs were used for operational costs and investments in a new platform launched last year.”

Despite the company’s defense, many are still questioning what went wrong and whether Sunmi will address the backlash.

Source: [1]