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Dubai News Club > Tech > How K-pop might lead to the downfall of Korea’s richest self-made tech mogul
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How K-pop might lead to the downfall of Korea’s richest self-made tech mogul

Press Room
Last updated: 2024/07/23
Press Room
Published: July 23, 2024
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Kakao Corp. founder Kim Beom-su was arrested Tuesday in Seoul, South Korea. That might not mean much to westerners, but the story is a bizarre tale of how a celebrated, self-made tech billionaire fell from grace… partly because he bought a scandal-ridden K-pop agency.

Kim, who also goes by Brian, stands accused of manipulating SM Entertainment’s stock price during a high-profile acquisition battle. Kim’s chief rival in the bidding war? HYBE, the K-pop label that is best known for BTS….

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