SEOUL, July 23 — The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested today on accusations of manipulating stocks during the acquisition of a...
US court tells Jho Low to surrender RM5.5m ‘flawless’ diamonds crafted by same jeweller who did Rosmah’s infamous pink necklace South Korea n internet company Kakao founder Kim Beom-su arrives at a court in Seoul July 22, 2024. The billionaire founder of South Korea n internet conglomerate Kakao was arrested early on July 23, a Seoul court said, accused of manipulating stock prices during the acquisition of K-pop powerhouse SM Entertainment.
Any case against him could jeopardise Kakao’s investments into artificial intelligence as well as its overseas expansion plans, industry experts said. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a 24 per cent stake that he and affiliated entities control. The app of South Korean digital lender Kakao Bank is seen on a mobile phone in this illustration picture taken August 6, 2021. — Reuters pic
Kim Beom-Su Sm Entertainment Stock Manipulation South Korea
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