South Korean Investor Suffers Significant Loss in Wemade Investment

Choi Jun-hyuk, CEO of Alpha Asset Management, has experienced a substantial financial setback following his investment in Wemade shares. The estimated loss amounts to approximately $11.66 million USD after experiencing a decline in the company’s stock price. 35 billion KRW ($25.8M USD) invested by Choi Jun-hyuk has resulted in this unexpected loss.