Kakao founder seeks bail after arrest over suspected stock manipulation
Social affairsOct 11, 2024
Kim Beom-su, founder of tech giant Kakao Corp., has filed for bail two months after being arrested over suspected stock manipulation related to the firm's takeover of a K-pop agency last year, sources said Friday. Kim, now chairman of Kakao's Management Innovation Committee, filed for bail with the Seoul Southern District Court the previous day, legal sources said. Since his arrest on Aug. 8, Kim has been facing trial in detention, charged with involvement in the suspected stock manipu