Billionaire Kakao Founder Cleared of Stock Manipulation

Bloomberg TechnologyTuesday, October 21, 2025 at 2:39:27 AM
PositiveTechnology
Billionaire Kakao Founder Cleared of Stock Manipulation
A South Korean court has cleared Kakao Corp. founder Brian Kim of stock manipulation charges, which had previously tarnished his reputation as a leading figure in the internet industry. This ruling is significant as it not only restores Kim's standing but also reinforces confidence in the legal system's ability to fairly adjudicate high-profile cases. The decision is expected to have positive implications for Kakao and its stakeholders.
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