South Korean Kakao Group founder arrested in stock price manipulation

SEOUL, South Korea: The founder of South Korean tech giant Kakao Corp. has been arrested on charges of stock price manipulation related to his company's acquisition of a major K-pop agency last year, prosecutors announced.

Kim Beom-su's arrest followed the Seoul Southern District Court's approval of an arrest warrant, citing concerns that he might flee or destroy evidence.

Prosecutors have up to 20 days t