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A leading executive at Kakao has actually been arrested for supposed supply rate control throughout the South Korean net titan’s warmed procurement fight for K-pop firm SM Entertainment this year.
The Seoul Southern District Court provided an apprehension warrant for Kakao’s primary financial investment policeman Bae Jae- hyun onThursday Financial regulatory authorities have actually implicated him, together with 2 various other Kakao execs, of purchasing Won240bn ($ 178mn) of SM shares in order to threaten a tender deal from competing prospective buyer Hybe.
The court did not provide warrants for the various other 2 execs. All 3 are likewise implicated of not reporting their big stockholdings to regulatory authorities.
The Financial Supervisory Service had actually been performing an extensive examination right into Kakao and SM because February over the …
