Prosecutors request again for arrest warrant for Kakao Entertainment CEO Kim Seong-soo and Lee Jun-ho [TEN Issue]

The prosecution again requested an arrest warrant for Kakao Entertainment CEO Kim Seong-soo and Lee Jun-ho, head of the investment strategy division. This is due to suspicions that Kakao Drama Production Company was acquired at a high price.

On the 19th, the Financial Investigation Division 1 of the Seoul Southern District Prosecutors' Office (Chief Prosecutor Kwon Chan-hyuk) requested an arrest warrant for CEO Kim and Lee Division Head on charges of violation of the Act on the Aggravated Punishment of Specific Economic Crimes (breach of trust) and violation of the Act on Concealment of Crime Proceeds. It has been about 40 days since the arrest warrant was dismissed on the 1st of last month.

Prosecutors believe that in the process of acquiring Kakao drama production company Baram Pictures, CEO Kim caused damage to the company by inflating the acquisition price in order to benefit actress Yoon Jeong-hee, the division head's spouse.

At that time, Kakao acquired Baram Pictures for 20 billion won. It is suspected that a company with capital of 100 million won that had been in deficit for several years was purchased at a higher price than the market price and that capital was increased.

After the arrest warrant was dismissed last month, the prosecution summoned director Jang Hang-jun, who served as an executive director of Baram Pictures, as a reference for questioning. Additionally, a supplementary investigation was conducted throughout the acquisition process.

Reporter Junho Yoon, Ten Asia delo410@tenasia.co.kr