Kakao Founder Faces 15-Year Sentence Over Stock Manipulation Allegations
Published on: Aug. 29, 2025, 2:14 p.m. | Source: Devdiscourse
South Korean prosecutors have requested a 15-year prison sentence for Kakao founder Kim Beom-su on charges of stock manipulation during the acquisition of a K-Pop agency. Kim, who denies the allegations, is accused of meddling in SM Entertainment’s stock to prevent its acquisition by a rival company.
