US court tells Jho Low to surrender RM5.5m ‘flawless’ diamonds crafted by same jeweller who did Rosmah’s infamous pink necklaceSouth Korean internet company Kakao founder Kim Beom-su arrives at a court in Seoul July 22, 2024. The billionaire founder of South Korean internet conglomerate Kakao was arrested early on July 23, a Seoul court said, accused of manipulating stock prices during the acquisition of K-pop powerhouse SM Entertainment.
Any case against him could jeopardise 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 per cent stake that he and affiliated entities control. The app of South Korean digital lender Kakao Bank is seen on a mobile phone in this illustration picture taken August 6, 2021. — Reuters pic