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Market
What will be the market cap ranking of Kakao Corp among South Korean tech companies by end of 2024?
3
Resolution / Starting Odds
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Stock market data from a reputable financial news source (e.g., Bloomberg, Reuters)
Story
Kakao Founder Kim Beom-su Indicted for Stock Manipulation in SM Entertainment Deal
Aug 8, 2024, 02:27 AM
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.
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