• South Korean singing starJung Yong-Hwa performs the South Korean national anthem as part of 'Korea Night' fesitvities before the game between the Los Angeles Dodgers and the Cincinnati Reds at Dodger Stadium on May 27, 2014 in Los Angeles, California.

South Korean singing starJung Yong-Hwa performs the South Korean national anthem as part of 'Korea Night' fesitvities before the game between the Los Angeles Dodgers and the Cincinnati Reds at Dodger Stadium on May 27, 2014 in Los Angeles, California. (Photo : Getty Images/Stephen Dunn)

CNBLUE's Jung Yong Hwa has had enough of the false rumors about him that are still doing the rounds in spite of being cleared of insider trading charges. The actor is now threatening to take legal action against those responsible for spreading the malicious information.

On Oct. 31, Monday, Jung's agency released a statement warning gossipmongers and netizens against spreading malicious and defamatory rumors about the singer. FNC Entertainment announced that they have collected information from a majority of the malicious posts and negative comments and will continue to take stringent action against the people behind the posts.

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"We plan to take legal action against those creating and spreading false information and malicious rumors, as well as engaging in other activities which defame the character of our artist, Jung Yonghwa," the agency said in a statement obtained by AllKPop. "Malicious netizens have been making posts and leaving comments on SNS, portal sites, online communities, and more, targeting Yonghwa."

The agency concluded its statement by pointing out that Internet harassment is an evil that needs to be removed not only from the entertainment industry but from society altogether. The label further added that it will continue its efforts to ensure that a healthy Internet culture is maintained.

The Internet harassment comes in the wake of a stock manipulation scandal that the 27-year-old musician found himself embroiled in. In June, Jung was under investigation for insider trading after he allegedly made 200 million won ($171,600) through an illegal trade using his access to confidential information.

The CNBLUE member apparently purchased 21,000 FNC stocks after finding out that the company was going to sign a deal with major celebrity Yoo Jae Suk in July 2015. After the news became official, the stock price skyrocketed from 20,800 won to 27,000 won, according to Soompi.

Jung was later acquitted of the charges after prosecutors could not find enough evidence to support the allegations. However, bandmate Lee Jong Hyun was penalized with a fine of 20 million won ($17,300) for the same offence.

For more information on Jung's insider trading scandal, watch the video below: