SEOUL, Jul. 23 (Korea Bizwire) — The founder of South Korean tech giant Kakao Corp. was arrested Tuesday on charges of stock price manipulation related to the firm’s takeover of K-pop powerhouse SM Entertainment last year, prosecutors said. The Seoul Southern District Court issued an arrest warrant for Kim Beom-su after holding a hearing, which [...]
SEOUL, Dec. 27 (Korea Bizwire) — Kim Beom-su, the founder of South Korean internet giant Kakao Corp., and members of his family were accused by a civic group Monday of a massive tax evasion in a past corporate merger process. Spec Watch Korea lodged the accusation against Kim and his family members, including his brother-in-law, [...]
SEOUL, April 16 (Korea Bizwire) — The founder of South Korea’s top mobile messenger operator Kakao Corp. and his wholly-owned company has sold 500 billion won (US$447 million) worth of stocks in Kakao part of his pledge to donate half of his assets, a filing showed Friday. The move came after Kim Beom-su, who serves [...]
SEOUL, March 16 (Korea Bizwire) – The founder of South Korea’s top mobile messenger operator Kakao Corp. said Tuesday that he will donate half of his wealth — currently estimated to be more than 10 trillion won (US$8.9 billion). “Through this pledge today, we commit to give more than half of our wealth back to [...]
SEOUL, Feb. 25 (Korea Bizwire) — Kim Beom-su, the founder of South Korea’s top mobile messenger operator Kakao Corp., said Thursday that his role model is Bill Gates and that he wants to further benchmark the steps of the U.S. business magnate following his donation pledge. In an online conference with employees, Kim, who recently [...]
SEOUL, Feb. 8 (Korea Bizwire) — The founder of South Korea’s top mobile messenger operator Kakao Corp. said Monday that he will donate more than half of his wealth — currently estimated to be more than 10 trillion won (US$8.9 billion). “I have pledged to donate more than half of my assets to solve social [...]
“The organization best suited to change society today is the corporation. To do this, I think the atmosphere in which social impact companies can grow is essential.” “Social impact companies should be able to achieve financial performance all the while playing the critical role of social change in a single area or system-wide change through [...]