Updated On: 24 July, 2024 07:35 AM IST | Seoul | Agencies
Prosecutors have up to 20 days to investigate Kim and determine whether to indict him. He requested anonymity because an investigation was under way.

Kim Beom-Su
South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company’s takeover of a major K-pop agency last year.
The arrest of Kim Beom-Su, also known as Brian Kim, came after the Seoul Southern District Court approved an arrest warrant, citing concerns that he could flee or destroy evidence. Prosecutors have up to 20 days to investigate Kim and determine whether to indict him. He requested anonymity because an investigation was under way.