Home Entertainment S.Korea’s regulator raids SM Entertainment headquarters – Yonhap

S.Korea’s regulator raids SM Entertainment headquarters – Yonhap

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S.Korea’s regulator raids SM Entertainment headquarters – Yonhap

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South Korea’s monetary regulator raided the headquarters of SM Entertainment Co on Tuesday over suspicions that Kakao Corp manipulated inventory costs within the strategy of buying shares of the corporate, Yonhap reported on Tuesday, citing sources.

In March, South Korean social media big Kakao’s stake in Ok-pop company SM Entertainment reached 40%.

(This story has not been edited by Devdiscourse employees and is auto-generated from a syndicated feed.)

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