Reported 2 months ago
Brian Kim, the founder of Kakao Corp, has been indicted by South Korean prosecutors on charges of stock manipulation concerning his company's bid for SM Entertainment. The case has drawn significant attention in South Korea, marking Kim as a major figure in a corporate scandal reminiscent of past high-profile investigations. Following Kim's arrest in July, his involvement in alleged efforts to inflate SM's stock during a takeover attempt is under scrutiny, potentially impacting Kakao's extensive business empire.
Source: YAHOO