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….
