Kakao Executive, Company Indicted for Alleged SM Entertainment Stock Manipulation Scheme (Report)
In a stunning wrinkle in the fevered battle between Kakao Corp. and HYBE for a controlling stake in K-pop company SM Entertainment, Kakao’s chief investment officer was indicted Monday (Nov. 13) for allegedly manipulating the stock price to ward off HYBE’s rival bid. Bae Jae-hyun, Kakao’s chief investment officer, will face a trial for violating […]
