South Korean entertainer Kim Jong-kook revealed that he lost a lot of money to investment scams. Photo: Kim Jong-kook/Instagram, admitted that he has lost “billions of won” to investment scams. One billion won is about S$981,000 .
According to entertainment portal Starnews Korea, the 48-year-old star spoke about his experience with fraudsters on the June 9 episode of. He appeared in a segment along with actor Choi Jin-hyuk and singer Lee Sang-min. Choi, 38, mentioned that he has received many text messages from various people and organisations, asking him to invest with them. Strangers have also asked him to lend them money. He asked Kim and Lee if they had faced similar situations.He was once offered financial advice by people around him and asked to invest. Kim subsequently learnt it was a scam and lost billions to fraudulent investments. He did not disclose when he was scammed and how much he lost in total.
He added he was affected by the loss, but now, he is more wary of making a fast buck. “I learnt the only way to make money is through hard work,” he added. – The Straits Times/Asia News NetworkKevin Costner reveals his promise to Whitney Houston – and his refusal to trim her eulogyCeline Dion says singing is 'like somebody's strangling you' due to stiff person syndrome
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