

South Korean prosecutors have indicted Kakao founder Brian Kim on charges of stock manipulation https://t.co/XNsfGc27hh
Wanda told some investors this week that a loan that could be used to pay some pre-IPO investors in one of its units is close to being finalized https://t.co/hda6f1joQs
South Korean prosecutors have indicted Kakao founder Brian Kim on charges of stock manipulation https://t.co/K61l1Y9tEF

South Korean prosecutors have indicted Kim Beom-su, also known as Brian Kim, the founder of Kakao Corp, on charges of stock manipulation. The charges are related to Kakao's takeover of the K-pop agency SM Entertainment. Kim Beom-su was arrested in July, and the indictment was reported by Yonhap. This legal action marks a significant development in the ongoing scrutiny of corporate governance and financial practices within South Korea's technology sector.