Kim Beom-su, founder of Kakao Corp., enters the Seoul Financial Supervisory Service on Oct. 23, 2023. - Photo: Newsis file
SEOUL: Prosecutors on Wednesday (July 17) requested an arrest warrant for Kim Beom-su, the founder of Kakao Corp., on charges of involvement in suspected illegal stock manipulation during the tech giant’s acquisition of K-pop powerhouse SM Entertainment last year.
The Seoul Southern District Prosecutors Office filed a warrant for Kim over allegations of violating the Financial Investment Services and Capital Markets Act.
