Kakao Corporation's founder faces a proposed jail sentence of 15 years for alleged misconduct in a takeover deal related to SM Entertainment.
In a significant development on August 29, 2023, Kim Beom-su, the founder of Kakao Corp., was acquitted in the stock manipulation trial held at the Seoul Southern District Court in Yangcheon District, southern Seoul.
The trial, which marked the final stage in the case, took place in the capital city of Seoul. The specific details of the trial were extensively covered in this article, originally written in Korean and translated to English by a bilingual reporter with the help of generative AI tools. The translations were reviewed and refined by the newsroom to ensure accuracy and clarity.
The trial attracted considerable attention, with Kim Beom-su himself attending the proceedings. The article contains a modal window, which can be opened and closed, and includes a dialog box for additional information. The modal window also has settings for captions, which can be turned on or off.
It's worth noting that the modal window can be closed by pressing the escape key, providing users with the flexibility to navigate the article as they see fit. The dialog box within the modal window is designed to provide clear and concise information, making it easy for readers to understand the details of the trial.
Despite the high-profile nature of the case, the trial concluded with Kim Beom-su being acquitted, bringing a close to a significant chapter in the history of Kakao Corp. and the South Korean tech industry.
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