Kim Beom-su, Suspected of 'SM Price Manipulation,' Released on Bail... Three Months After Detention
Kim Beom-su, the chairman of the management innovation committee and founder of Kakao, who is accused of manipulating SM Entertainment's stock price, has been released on bail. It has been about three months since his arrest on July 23.
Kim Beom-su, Chairman of Kakao Management Innovation Committee (Photo by Yonhap News)
View original imageAccording to the legal community on the 31st, the Seoul Southern District Court Criminal Division 15 (Chief Judge Yang Hwan-seung) approved Kim's bail request on the same day.
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The court set bail conditions including a deposit of 300 million KRW, residence restrictions, and submission of a written pledge. Additionally, all contact with suspects, witnesses, and persons involved in the case who testified during the investigation or were called as witnesses, as well as any actions that could influence court testimony, were prohibited.
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