stock manipulation Archives - Submersible Music

Acquittal in Kakao vs. HYBE Battle Raises Eyebrows Amid Stock Manipulation Allegations

Was justice served? Seoul court acquits Kakao and Kim Beom-su of manipulating stocks against HYBE despite damning evidence. Prosecutors remain convinced of their guilt.

October 23, 2025

Music Economy

15-Year Sentence Sought for Kakao Founder in Explosive SM Entertainment Stock War Case

Prosecutors seek a jaw-dropping 15-year prison sentence for tech billionaire Kim Beom-su in a $172 million stock manipulation scandal. The Kakao founder’s fate hangs in the balance.

September 2, 2025