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Top related persons:
Brian Kim - 2 Kim - 2 Kim Beom - 1 su - 1 Jakub Porzycki - 1 Israel - 1 — - 1 Daniel Hagari - 1
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Seoul South Korea South Korean Korean Kakao Israel Gaza Sderot
Top related orgs:
Kakao Corp - 2 Prosecutors - 2 SM Entertainment - 2 South - 1 Seoul Southern - 1 Court - 1 Detention - 1 KakaoBank Corp - 1

Search resuls for: "Brian Kim"


4 mentions found


☆ South Korean court approves arrest warrant for Kakao founder
  + stars: | 2024-07-23 | by ( ) www.cnbc.com   time to read: +1 min
A South Korean court approved early on Tuesday a prosecution request for a warrant to arrest Brian Kim, the billionaire founder of tech giant Kakao Corp, on accusations of stock manipulation during a 2023 acquisition. It is the latest legal twist for Kakao after the company and an executive went on trial last year for alleged wrongdoing during the same acquisition. Prosecutors say Kim was involved in manipulation of the stock price of SM Entertainment in February last year to hinder a competitor, Hybe, from acquiring the K-Pop agency. Not yet formally charged, Kim has denied the accusations, saying he has never ordered or tolerated any illegal activity, the company said in a statement. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a stake of 24% controlled by him or affiliated entities.
Persons: Brian Kim, Kim Organizations: Kakao Corp, Prosecutors, SM Entertainment
☆ Founder of South Korea’s Kakao arrested for suspected stock manipulation
  + stars: | 2024-07-23 | by ( ) edition.cnn.com   time to read: +2 min
Seoul, South Korea —The billionaire founder of South Korean tech giant Kakao Corp, Kim Beom-su was arrested on Tuesday on accusations of manipulating stocks during the acquisition of a K-Pop agency last year. The case is the latest legal twist for Kakao, which runs South Korea’s largest chat app, after the company and another executive went on trial last year for alleged wrongdoing during the same acquisition. Any case against him could jeopardize Kakao’s investments into artificial intelligence as well as its overseas expansion plans, industry experts said. The high-profile tech entrepreneur is the largest shareholder of Kakao Corp, with a 24% stake that he and affiliated entities control. Kakao Corp shares dropped 3.4% during morning trade to the lowest since November, after falling 24% year-to-date.
Persons: Kim Beom, su, Kim, Brian Kim, Jakub Porzycki Organizations: South, Kakao Corp, Prosecutors, SM Entertainment, Seoul Southern, Court, Detention, KakaoBank Corp Locations: Seoul, South Korea, South Korean, Korean, Kakao
☆ Hamas is testing the layers of Israel's sophisticated air-defense network. Here's how it fends off threats.
  + stars: | 2023-10-13 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +8 min
Israel confirmed using its David's Sling air-defense system to intercept a Hamas rocket on Friday. Iron DomeIsrael's Iron Dome defense missile system is on alert, stationed close to the southern Israeli town of Sderot on October 12, 2023. Iron Dome has a reported intercept success rate of around 90%, but some inbound threats do manage to break through. US Missile Defense AgencyThe upper layer of Israel's air-defense network consists of Arrow systems. The Patriot is a top US air and missile defense system and is capable of engaging ballistic missiles, cruise missiles, aircraft, drones, and loitering munitions.
Persons: Israel, —, Daniel Hagari, Jack Guez, Tamir, Sebastian Scheiner, Brian Kimball Organizations: Service, Hamas, Israel Defense Forces, country's Missile Defense Organization, Getty, IDF, Iron, Pentagon, Sling Air Defense, Hatzor, Base, Sunday, David's, AP, Interceptor, US Missile Defense Agency, Center for Strategic, International Studies, Arrow, Patriot US Army Patriot, US Defense Department, Tech, Patriot Locations: Israel, Gaza, Sderot, AFP, U.S, Iranian, Lebanon, Finland, Washington, Midia, Romania, US, Ukrainian
☆ Ukraine wants to work with Western countries to create another 'sea of NATO' on the border with Russia
  + stars: | 2023-05-24 | by ( Constantine Atlamazoglou | ) www.businessinsider.com   time to read: +7 min
Doing so would help turn the Black Sea into another "sea of NATO," the foreign minister said. "It's time to turn the Black Sea into what the Baltic Sea has become, a sea of NATO," Dmytro Kuleba said. "The Black Sea can never be a NATO sea," Kremlin spokesman Dmitry Peskov said in response to Kuleba's comments. The Black Sea region is "a strategically important area for Euro-Atlantic security," Geoană said in April. At the conference in April, Romania's foreign minister said a strong NATO presence in the Black Sea was a "must."
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