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Prosecutors Seek 15-Year Prison Term for Kakao Founder in Stock Manipulation Case
ByAinvest
Friday, Aug 29, 2025 3:26 am ET1min read
South Korean prosecutors are seeking a 15-year prison sentence and a 500 million won fine for Kakao Corp founder Brian Kim, accusing him of manipulating stock prices during a takeover battle for SM Entertainment. Prosecutors allege Kim orchestrated a 240 billion won stock-rigging scheme to inflate SM's share price and secure Kakao's control of the K-pop label. Kim's trial represents a dramatic fall from grace for one of South Korea's most celebrated tech leaders.
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