South Korean tech giant Kakao’s founder arrested in stock price manipulation case

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SEOUL, South Korea—South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp.for alleged stock price rigging during his company’s takeover of a major K-pop agency last year.

It also said that SM artists might not be prioritized if Hybe controlled the firm.

The company has used the popularity of its mobile messenger to branch into banking, online shopping and other services in recent years.

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Article Details

Author / Journalist: Hyung-Jin Kim | The Associated Press

Category: BusinessStartups

Markets: PhilippinesSouth Korea

Topics: Corp Price According Stock District K-pop Kakao South Giant Founder Seoul

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 12:12:11 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21751075

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 48 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 10 hours ago

Coverage Areas: Philippines

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: #37

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