Korean Prosecutors Seek Arrest Warrant for Kakao Founder in Stock Manipulation Probe
Wednesday, 17 July 2024, 08:13
Korean Prosecutors' Investigation
The warrant filed by Korean prosecutors targets the founder of Kakao.
Stock Manipulation Allegations
The investigation stems from suspected market manipulation tactics during bidding for SM Entertainment.
Arrest Warrant's Significance
The filing of the arrest warrant signifies a critical phase in the probe into alleged stock manipulation.
- Prosecutors: Taking concrete actions against market irregularities.
- Founder: Facing legal repercussions over alleged involvement.
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