The Seoul Southern District Prosecutors’ Office said yesterday that it asked a judge to issue a warrant for Brian Kim (Kim Beom-su), the founder of internet giant Kakao. Financial regulators have accused Kakao executives of buying 240bn ( $178mn) of SM Entertainment shares to undermine a tender offer from rival bidder and K-pop agency Hybe. Kakao’s chief investment officer Bae Jae-hyun was arrested in October last year, bae has denied any wrongdoing. The decision to arrest Kim comes after South Korea  vowed to crack down on insider trading and share price manipulation to clean up the stock market and boost … Continue reading Kakao founder Brian Kim arrest warrant