Kakao founder Brian Kim charged with stock manipulation in landmark case

Quick Summary:

The billionaire is at the centre of one of the country’s most sensational corporate cases in years.

A widespread outage after a data centre fire in 2022 exposed how much of the population relied on Kakao for basic needs such as news and commerce.

Kim was allegedly involved with an attempt to buy and push SM stock above a rival offer of 120,000 won (S$116) from BTS-agency Hybe, the agency reported.

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Article Details

Category: EconomyBusiness

Markets: SingaporeSouth Korea

Topics: Agency Internet Korea’s South Entertainment Prosecutors Billion Brian News Founder Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-08 @ 11:18:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21976748

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 12 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 5 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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