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Arrest Warrant Sought for Kakao Founder over Suspected Price Rigging of SM Shares

Arrest Warrant Sought for Kakao Founder over Suspected Price Rigging of SM Shares

SEOUL, Jul. 17 (Korea Bizwire) — Prosecutors have sought a warrant to arrest Kim Beom-su, the founder of tech giant Kakao Corp., over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Wednesday. The Seoul Southern District Prosecutors Office filed for the warrant, the officials said, [...]

Founder of Kakao Appears for Questioning over Suspected Price Rigging of SM Shares

Founder of Kakao Appears for Questioning over Suspected Price Rigging of SM Shares

SEOUL, Jul. 9 (Korea Bizwire) — Kim Beom-su, the founder of tech giant Kakao Corp., appeared before prosecutors on Tuesday for questioning over alleged stock price manipulation connected to the firm’s takeover of K-pop powerhouse SM Entertainment last year. Kim presented himself for questioning at the Seoul Southern District Prosecutors Office regarding his alleged involvement [...]