Actress' husband jailed at 1st trial for alleged stock price manipulation

Actress Kyeon Mi-ri's husband has been sentenced to four years in jail at the first trial. Yonhap

By Dong Sun-hwa

The husband of seasoned actress Kyeon Mi-ri has been sentenced to four years in prison at the first trial for manipulating stock prices with false disclosures and reaping nearly 2.4 billion won ($2.1 million).

The Seoul Southern District Court also slapped a 2.5 billion won fine on Lee Hong-heon Friday for violating laws regarding capital markets and financial investment business.

“Lee played the key role in the scheme,” the court said in its ruling. “In one case, he drew investors using Kyeon's name, although she was not involved in investment.”

Lee, the former director of a company listed on the Kosdaq, was arrested and charged with alleged stock price manipulation from November 2014 to February 2016.

Kyeon previously said she had nothing to do with the incident. The two married in 1998.