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[Alpha Biz=(Chicago) Reporter Paul Lee] The Financial Supervisory Service Capital Market Special Judicial Police reportedly notified Kakao founder Kim Beom-soo, head of the Future Initiative Center, as a suspect on the 23rd, not as a simple reference.
According to the information technology (IT) industry on the 23rd, the Capital Market Special Judicial Police are also considering setting up a photo line if Kim is present for investigation.
Bae Jae-hyun, head of Kakao's investment division, was earlier arrested on the 19th on charges of manipulating SM stock prices by injecting some 240 billion won in funds. The Capital Market Special Judicial Police plan to investigate whether Kim, the head of the center, was briefed or directly ordered on SM's manipulation of the market price.
In fact, controversy continues inside Kakao over the fact that closed decisions were made without sufficient discussion as the acquisition of SM was led by CEO Bae.
Under the Special Act on Internet Banks, shareholders with more than a 10% stake in Internet banks have not been punished more than fines for violating the Punishment of Tax Offenses Act, the Specific Economic Crime-weighted Punishment Act, and the Fair Trade Act over the past five years. As of the end of June, Kakao holds a 27.17% stake in Kakao Bank.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
