KAKAO FOUNDER CAUGHT IN MULTI-MILLION DOLLAR STOCK SCANDAL; K-POP AGENCIES UNDER FIRE AS CORRUPTION EPIDEMIC SPREADS THROUGHSEOUL
In a shocking turn of events, Brian Kim, the notorious billionaire founder of South Korea’s internet giant KAKAO, was hauled away in handcuffs yesterday, cuffed and stuffed on accusations of orchestrating a brazen multi-million dollar stock price manipulation scheme, all in an attempt to destroy a rival K-pop agency and amass even more wealth and power.
As word of the arrest spread like wildfire throughout Seoul, K-pop fans reeled in shock, demanding justice as the dark underbelly of the $1 billion K-pop industry exposed. The Seoul Southern District Court charged Kim with manipulating SM Entertainment’s share price, using under-the-table tactics to sabotage rival suitor Hybe and snarl up the deal. If proven, Kim could face up to 20 DAYS IN JAIL – a mere whisper of the consequences that should await corrupt corporate fat cats like this one.
But the stench doesn’t stop there. It transpires that KAKAO is no stranger to questionable activity, with its chief investment officer, Jae-Hyun Bae, already facing trial and arrest last October on parallel charges of stock price manipulation. What seems like a pattern of reckless entitlement and disregard for the law, it was only a matter of time until the whole rotten edifice comes crashing down.
As Kakao founder Brian Kim’s reputation teeters on the brink of collapse, his minions scramble to fill the vacuum in leadership, all the while praying that the damage can be contained while the company’s AI dreams go unrealized. But don’t fool yourself – the very foundation upon which KAKAO built its K-pop empire has been forever called into question. Will Kakao’s Super App be able to resist the stench of corruption? Hardly.
Author: Kayitsi.com
