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Games & Commerce

Prosecutors seek 15 years for Kim Bum-soo in appeal over SM stock manipulation

South Korean prosecutors asked an appeals court to sentence Kim Bum-soo (김범수), head of Kakao\'s Future Initiative Center, to 15 years in prison and a 510 million won fine over alleged stock-price manipulation during Kakao\'s bid for control of SM Entertainment. They also sought 12 years for Bae Jae-hyun and fines for Kakao and Kakao Entertainment. Kim was acquitted at trial, and prosecutors appealed.

General News

Choi Tae-won appeals non-indictment in defamation case involving No So-young\'s lawyer

SK Group Chairman Choi Tae-won appealed prosecutors\' decision not to indict a lawyer representing No So-young over remarks that Choi spent more than 100 billion won on Kim Hee-young since 2015. Prosecutors cited insufficient evidence for defamation and said the remarks had some basis. Choi\'s side said the decision did not confirm the figures as fact and argued the actual amount spent as living expenses with Kim was about 2 billion won, with larger figures stemming from improperly aggregated expenditures.

General News

Choi Tae-won appeals ruling to pay 944 billion won in property division

SK Group Chairman Choi Tae-won (최태원) filed an appeal against an appellate ruling ordering him to pay 944 billion won in property division to Noh Soh-young (노소영), director of Art Center Nabi. SK Supex Council said this in a statement issued in the name of his legal representatives. The appeal was filed three weeks after the Seoul High Court ruling on July 24. The case will return to the Supreme Court for review.