Overview

• Prosecutors made the sentencing request at the final hearing in the Seoul Southern District Court on Aug. 29.
• Kim Beom-su faces a proposed 15-year prison term and a 500 million won fine under alleged Capital Markets Act violations.
• Authorities also sought prison terms for six co-defendants and 500 million won fines for Kakao Corp. and Kakao Entertainment.
• The case centers on claims that roughly 240 billion won was used to buy SM shares at prices above Hybe’s 120,000 won tender offer to thwart its bid.
• Prosecutors argue Kim approved on-market purchases to lift the stock price and was the ultimate beneficiary, making him most culpable.