Brian Kim, the founder of Kakao Corp., has been granted bail in a significant case related to allegations of stock manipulation. This development is seen as a crucial moment for South Korea's internet sector.
The bail amount has been set at 300 million won, which is approximately $218,000. While it is unclear whether Kim has already been released from custody, this decision allows the billionaire entrepreneur to secure his release.
The outcome of this case is being closely watched as it could have broader implications for the regulatory landscape of South Korea's tech industry.