[Alpha Biz=(Chicago) Reporter Paul Lee] The prosecution, which is investigating Kakao's alleged illegal market price manipulation in the process of acquiring SM Entertainment, recently found another suspicion and launched an investigation regarding the asset management company "Oneasia Partners," which has a special relationship with Kakao.

"A case involving Oneasia Partners officials was sent to the Financial Supervisory Service on the 18th regarding the price manipulation," an official at the Seoul Southern District Prosecutors' Office told reporters in the afternoon of the 23rd. "The search and seizure was also conducted as separate charges not related to the price manipulation were confirmed during the investigation." It was reported that the search and seizure took place on the 17th. However, this official did not disclose the details of the charges.

Regarding the schedule for the summoning of former Kakao Board Chairman Kim Bum-soo, he said, "We are not in the stage to tell the specific timing yet," adding, "We need to conduct another investigation into the parts sent (from the FSS) last week regarding the Oneasia Partners."

 

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