Kakao's founder, Brian Kim, has been arrested on charges of stock price manipulation related to the company's bid for SM Entertainment. This development has significantly impacted Kakao's market standing, causing fluctuations in its stock prices.
The allegations highlight the broader issues of corporate governance and regulatory scrutiny in South Korea's tech industry. As authorities intensify efforts to address financial misconduct, the case underscores the challenges and risks faced by major tech conglomerates in maintaining ethical standards and investor confidence
