S.Korea's regulator raids SM Entertainment headquarters - Yonhap


Reuters | Seoul | Updated: 18-04-2023 12:24 IST | Created: 18-04-2023 12:22 IST
S.Korea's regulator raids SM Entertainment headquarters - Yonhap
Representative Image Image Credit: Wikipedia
  • Country:
  • Korea Rep

South Korea's financial regulator raided the headquarters of SM Entertainment Co on Tuesday over suspicions that Kakao Corp manipulated stock prices in the process of acquiring shares of the company, Yonhap reported on Tuesday, citing sources.

In March, South Korean social media giant Kakao's stake in K-pop agency SM Entertainment reached 40%.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback