Korean Prosecutors Arrest Kakao Corp. Chief Over SM Entertainment Takeover Allegations ...Middle East

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Korean Prosecutors Arrest Kakao Corp. Chief Over SM Entertainment Takeover Allegations
South Korean prosecutors said that they had arrested Kim Beom-su, the billionaire founder of tech giant Kakao, over alleged stock price manipulation. The case relates to the company’s takeover of K-pop agency SM Entertainment last year. “Kim faces allegations that he orchestrated and approved schemes to collaborate with the operator of a private equity fund […]

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