Kakao's investment chief indicted over stock manipulation in K-pop agency takeover

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Prosecutors indicted the chief investment officer of South Korean platform giant Kakao Corp. on Monday over alleged stock manipulation in a high-profile battle to take over K-pop powerhouse SM Entertainment Co. Bae Jae-hyun will stand trial on charges of inflating the price of SM Entertainment shares in violation of the Capital Market Act, with the intent to undermine a tender offer from rival bidder Hybe during the ...

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