US EditionProsecutors appeal court acquittal of Kakao founder on stock manipulation charges
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2 Articles
Prosecutors appeal court acquittal of Kakao founder on stock manipulation charges
Prosecutors have appealed the recent court acquittal of Kim Beom-su, founder of tech giant Kakao Corp., on stock manipulation charges related to the company's takeover of K-pop agency SM Entertainment, officials said Tuesday. The Seoul Southern District Prosecutors Office recently filed an appeal against the not-guilty ruling on Kim, court officials said, claiming factual and legal misunderstandings behind the decision. Last week, the Seoul Sout…
[Digital Daily Reporter Jo Yoon-jung] Prosecutors have filed an appeal after Kakao founder Kim Beom-soo was found not guilty in the first trial on suspicions of manipulating SM Entertainment's stock prices. On the 28th, the Seoul Southern District Prosecutors' Office announced that it was appealing the verdict, citing "misunderstandings of fact and misinterpretation of the law." The prosecution emphasized, "This case is an illegal stock price ma…
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