[Alpha Biz=(Chicago) Reporter Kim Jisun] The Financial Supervisory Service will once again summon Kakao CEO Hong Eun-taek and Kakao Entertainment CEO Kim Sung-soo over allegations of market manipulation that erupted during Kakao's acquisition of SM Entertainment.

He called in Kim Bum-soo, head of Kakao's Future Initiative Center, to conduct a marathon overnight investigation the previous day, and then called in Hong and Kim once again to speed up the investigation.

According to the financial investment industry on the 24th, CEO Hong and CEO Kim are scheduled to attend the FSS Capital Market Special Judicial Police for questioning later in the day. The special judicial police earlier summoned Hong and Kim last month and reportedly called them in once again to conduct the investigation.

After Kim Bum-soo, head of the center, underwent an overnight marathon investigation from 10 a.m. to 1:40 a.m. on the same day, the special envoy will continue his intensive investigation into Kakao's management. After the investigation earlier in the day, Kim, who appeared on the first floor of the Financial Supervisory Service, briefly said, "I faithfully participated in the investigation," before leaving the Financial Supervisory Service.

CEO Hong and CEO Kim are suspected of artificially raising stock prices by purchasing a large amount of SM shares during Hive's public purchase of SM shares in February this year.

 

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