Charges of embezzlement against ATTRAKT CEO Jeon Hong Joon are dropped, and the case against the former FIFTY FIFTY members is dropped

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The court fight that has embroiled ATTRAKT CEO Jeon Hong Joon for months has taken a major turn with his vindication from the embezzlement allegations brought against him. According to reports that surfaced on March 11, the Gangnam Police Station in Seoul has chosen not to press charges related to the breach of trust that three former members of FIFTY FIFTY had brought against Jeon.

The development was confirmed by a label representative, who said that ATTRAKT had received formal notice from the police that they would not be pursuing the case with the prosecution. Additionally, the agency stated that it intended to file a lawsuit against the people who were accused of manipulating and pressuring the former members of the girl group into filing the complaint.

Saena, Sio, and Aran, ex-members of FIFTY FIFTY, filed a criminal complaint against Jeon in August of the previous year through the Barun law company, through their attorneys. 

They said that the CEO had stolen the band’s songs and record sales money to pay off debts to Star Crew Entertainment, a business that was allegedly connected to Jeon, in violation of the Act on the Aggravated Punishment of Specific Economic Crimes.

The police investigation culminated with Jeon’s absolution despite their fierce charges; they cited insufficient proof to substantiate their assertions. As a result, the case has been dismissed, which has dealt a serious blow to the lengthy legal dispute between Jeon and the former FIFTY FIFTY members.