In the winter of 2005, South Korea experienced a roller coaster of emotion, looping between shock, disbelief and relief multiple times after Hwang Woo-suk, then the country’s most revered scientist as well as a symbol of national pride and hope for the terminally ill, faced whistleblower accusations for grave ethics breaches, followed by even graver matters of data fabrication. After a whirlwind of claims and c.
SEOUL – An arrest warrant was issued by a South Korea court for Kakao Chief Investment Officer (CIO) Bae Jae-hyun, on allegations of market manipulation linked to SM Entertainment’s stock value. The development cast a shadow of uncertainty over collaborative endeavours between Kakao and SM Entertainment. “The arrest warrant was issued due to concerns about […]
South Korean giant Kakao faces multiple whammy as CIO arrested Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
A Seoul court issued an arrest warrant for Kakao Chief Investment Officer Bae Jae-hyun on Thursday on charges of market manipulation related to SM Entertainment's stock price. The development has raised uncertainty about joint projects initiated by Kakao and SM Entertainment. "The arrest warrant was issued due to concerns about Bae destroying evidence or fleeing," the court said. The court dismissed ar.