SEOUL -- The founder of South Korea's leading internet company, Kakao, has been arrested over alleged stock manipulation, creating uncertainties for the tech conglomerate known for its popular KakaoTalk chat app.
A Seoul district court issued an arrest warrant for Kim Beom-su early on Tuesday morning after prosecutors alleged he was involved in intentionally inflating K-pop agency SM Entertainment's stock last year to block rival agency Hybe from buying a controlling stake in SM.
