South Korea's Kakao founder arrested for suspected stock manipulation

South Korea's Kakao founder arrested for suspected stock manipulation

FILE PHOTO: The app of South Korean digital lender Kakao Bank is seen on a mobile phone in this illustration picture taken August 6, 2021. REUTERS/Florence Lo/Illustration/File Photo

The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year.