South Korea Prosecutors to Arrest $13 Billion Kakao Corp Founder Brian Kim for Alleged Stock Market Manipulation in Price-Rigging During Bidding War over SM Entertainment in 2023, Brian Kim Quits Kakao Corp Board in 2022 after News Report of Police Investigation of $740 Million Tax Evasion in 2014, Signer of Giving Pledge in 2021 to Donate Half His Assets Away
19th July 2024 | Hong Kong
South Korea prosectors are applying for an arrest warrant against $13 billion Kakao Corp founder Brian Kim Beom-Su for alleged stock market manipulation in price-rigging during bidding war over SM Entertainment in 2023. In 2022, Brian Kim Beom-Su has stepped down from Kakao Board after news report of him being involved in $740 million of tax evasion in 2014, alongside recent regulatory criticism of Kakao Group attempting to form a monopoly and public criticism of top executives selling their shares after a successful Kakao IPO. Kakao is South Korea’s top messaging app and a social media & fintech giant with a market capitalisation of $13 billion (18/7/24). In 2021, Brian Kim Beom-Su pledged to give more than half his assets away through The Giving Pledge founded by Microsoft chairman Bill Gates and his then-wife Melinda Gates along with Berkshire Hathaway chairman Warren Buffett with a total of 40 billionaires.
“ South Korea Prosecutors to Arrest $13 Billion Kakao Corp Founder Brian Kim for Alleged Stock Market Manipulation in Price-Rigging During Bidding War over SM Entertainment in 2023, Brian Kim Quits Kakao Corp Board in 2022 after News Report of Police Investigation of $740 Million Tax Evasion in 2014, Signer of Giving Pledge in 2021 to Donate Half His Assets Away “
South Korea Billionaire & $39 Billion Kakao Corp Founder Brian Kim Quits Board, News Report of Police Investigation of $740 Million Tax Evasion in 2014
19th March 2022 – South Korea billionaire & founder of Kakao Corp Brian Kim Beom-Su has stepped down from Kakao Board after news report of him being involved in $740 million of tax evasion in 2014, alongside recent regulatory criticism of Kakao Group attempting to form a monopoly and public criticism of top executives selling their shares after a successful Kakao IPO. Kakao is South Korea’s top messaging app and a social media & fintech giant with a market capitalisation of $39 billion (18/3/22).
Brian Kim Beom-Su, Kakao Founder
(In 2021) Kakao Corporation founder Brian Kim Beom-Su is South Korea’s richest man with more than $16 billion personal fortune (June 2021) and has pledged to give more than half his assets away through The Giving Pledge founded by Microsoft chairman Bill Gates and his then-wife Melinda Gates along with Berkshire Hathaway chairman Warren Buffett with a total of 40 billionaires.
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