Park Min Young's label has officially responded to her dating rumors.

As previously reported, Park Min Young was alleged to be dating businessman Kang Jong Hyun, a wealthy entrepreneur known as the chairman of the cryptocurrency platform Bithumb. After the report by Dispatch, her label Hook Entertainment stated she was not involved with businessman Kim Jae Wook, but did not address her dating rumors with Kang Jong Hyun.

In a new statement, Hook Entertainment confirmed Park Min Young and Kang Jong Hyun did date, but are no longer together. The label stated, "Park Min Young has already broken up with the alleged person. It's false she received a large amount of money from the alleged person."

There were also allegations that Park Min Young's sister was a director for one of Kang Jong Hyun's alleged businesses, and she allegedly acted as the face in order for him to hide his actual involvement in the company. Hook Entertainment commented, "Park Min Young's older sister has given her notice to step down as a director for INBIOGEN."

As for Park Min Young, the label stated she'll be prioritizing finishing filming her drama 'Love in Contract'.