[Editorial] Kakao’s woes
Kakao Corp., South Korea’s biggest messenger operator, is confronting a major crisis after founder Kim Beom-su’s arrest Tuesday for alleged stock price manipulation related to last year’s takeover of K-pop powerhouse SM Entertainment. The incident opens up the potential of a leadership vacuum at Kakao, raising concerns about the impact on its sprawling affiliates as well as its restructuring and growth plans in the tech sector amid intensifying competition in artificial intelli
July 26, 2024