Kakao’s acquisition of SM Entertainment earlier this year ended up causing the biggest crisis for the company since its foundation in 2006, exposing the founder and top executives .
Kiwoom Securities s risk management ability is being questioned once again as the brokerage, which has the largest share of the online trading market, has been hit with huge outstanding receivables due to a trading suspension of a manipulated stock, according to industry officials, Sunday.
The chief investment officer of Kakao was arrested Thursday on suspected stock manipulation in connection with the tech giant s acquisition of SM Entertainment.