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South Korea: Billionaire Kakao Founder Brian Kim Cleared of Stock Manipulation

October 21, 2025 at 2:39 AM UTCUpdated on October 21, 2025 at 3:53 AM UTCA South Korean court dismissed the stock manipulation case against Kakao Corp. founder Brian Kim, clearing the billionaire of charges that marred his reputation as an internet pioneer.Prosecutors had sought a 15-year prison term and a 500 million won ($350,000) fine for Kim, accusing him of rigging the stock price of K-pop powerhouse SM Entertainment Co. in a high-stakes acquisition battle with rival Hybe Co....

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