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![](https://variety.com/wp-content/uploads/2023/03/Kakao-Entertainment-logo-cr-res.jpg?w=1000&h=563&crop=1)
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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