Kakao Founder Faces 15-Year Sentence Request
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Prosecutors in South Korea are seeking a 15-year prison term for Kakao founder Kim Beom-su on charges of stock manipulation tied to a K-pop agency deal. The Seoul Southern District Prosecutor’s Office also requested a 500 million won fine ($ 360,000).
Kim was arrested last year on claims he tried to influence SM Entertainment’s stock in 2023 to block a takeover by rival Hybe.
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