Kakao's investment chief indicted over stock manipulation in K-pop agency takeover – The Korea Times koreatimesus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimesus.com Daily Mail and Mail on Sunday newspapers.
Kakao CEO Hong Eun-taek apologized Thursday over recent controversy surrounding alleged stock manipulation in connection with the tech giant’s acquisition of K-pop agency SM Entertainment. “We apologize for causing concern to Kakao shareholders with the various negative news that occurred during the process of taking over SM Entertainment management rights," the CEO said at the company’s earnin.
Kakao Sets Up Autonomous Entity Dedicated to Enhancing Ethical Governance koreabizwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreabizwire.com Daily Mail and Mail on Sunday newspapers.
Kakao, the operator of Korea s top mobile messenger, said Friday it will establish an independent organization to strengthen its ethics management system amid public criticism over stock manipulation allegations involving its executives.
The Yoon Suk Yeol administration appears to be taking all possible measures to drive Kakao into a corner, raising questions about the intention behind the full-scale attack, according to industry officials, Thursday.