Kakao: South Korean tech tycoon charged over stock rigging claims
Source: BBC
South Korean technology tycoon, Kim Beom-su, who is also known as Brian Kim, has been indicted on charges of stock price manipulation.Kakao executives led by Mr Kim have been accused of buying large amounts of shares in K-pop agency SM Entertainment to inflate its stock price and undermine a competing offer to take over the company.Mr Kim, who founded the internet giant Kakao, has been in detention since being…
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