South Korean prosecutors are seeking an arrest warrant for billionaire Kakao Corp. founder Brian Kim, a surprise twist in their ongoing investigation into alleged stock market manipulation. The Seoul Southern District prosecutors’ office is seeking to detain the celebrated entrepreneur after conducting a probe into alleged price-rigging that took place during a bidding war over SM Entertainment Co. in 2023. A spokesperson for the office confirmed it has asked courts to issue an arrest warrant over charges related to the capital markets law, but declined to comment further. The court will determine whether to issue the warrant after a hearing. Kakao’s spokesperson denied the
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