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The founder of the South Korean tech company Kakao was arrested on Tuesday on charges of manipulating share prices. A district court in Seoul issued the arrest warrant for Kim Beom Su, according to South Korean news agency Yonhap. The decision was justified by the risk that the 58-year-old entrepreneur could flee or destroy possible evidence. Kim and his company’s management are suspected of artificially inflating the share prices of the Korean music label SM Entertainment in February of last year during a bidding war to prevent its takeover by a competitor. A month later, in March 2023, Kim’s…

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