Kakao founder Kim Beom-su [KAKAO] The financial authorities on Thursday raided the office of Kakao founder Kim Beom-su, also known as Brian Kim, on allegations of manipulating the stock price of SM Entertainment. Financial Supervisory Service (FSS) officials raided Kim's office at Kakao headquarters in Pangyo, Gyeonggi, and confiscated materials related to the alleged market manipulation. The market watchdog suspects Kim and other senior executives of Kakao took part in swinging SM Entertainment's stock price.

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