South Korean prosecutors seek an arrest warrant for Kakao Corp. founder Brian Kim over alleged stock market manipulation in 2023 SM Entertainment acquisition.
South Korean prosecutors seek an arrest warrant for Kakao Corp. founder Brian Kim over alleged stock market manipulation during a bidding war for SM Entertainment Co. in 2023. Prosecutors accuse Kim of price-rigging, and a hearing will determine whether to issue the warrant. Kakao's spokesperson denies the allegations, stating that no illegal activities occurred during the acquisition process.
July 17, 2024
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