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In the K-POP and prestigious collision, prosecutors require prison time and Hefti Finn for an alleged scheme for the transfer of inventories they manage Kim Beom-SFounder of the billionaire of one of the largest and most influential companies in southern Korea and most influential companies and communication companies Cocoa.
Prosecution’s office 15 years in prison and fine of 500 million Korean won (approximately $ 35,600) derives from Kim Bo, (also known as Brian Kim) and other cocoans with manipulated inventories to prices other bidders for majority stakeholders SM EntertainmentThe K-Pop Agency was noticed with three decades in the industry. Prosecutors claim that inflated prices are focused approximately 240 billion Korean won ($ 172.6 million) additional earnings, with KIM, cocoa president and the largest shareholder, which is a top user of moving. Kim was arrested in July 2024. years and accused the following month under the accusation of South Korea capital markets.
In the Fridays, the prosecutors in Seoul, the prosecutors intended to block the offer from Rivalan Fun Mommy, SMT, that Hibe accuses that Kim was organizing on the market to launch the SM’s price of shares above Hibe’s public offenses, and Cocoa Corp and his branches eventually become a majority company added to a significant value to Cocoa fun division, which contains a multi-sticker system that includes several other K-pop companies.
Kim denied the allegations. Reuters reports He said in court, “During my career, I attended countless meetings, but once I haven’t approved anything illegally or considered it part of our strategy.” Cocoa party did not respond to a comment request on time of pressure.
According to capital markets, the law in Korea, crimes such as stock manipulation were punished on the basis of the observed amount of irregular gains. Gains estimated at more than 30 billion victories (about $ 21.6 million) results in prison penalties in the range of seven to 11 years. However, if the crime has a significant impact on shares, it includes a great unjust trading or is experiencing malicious methods, it can be increased by up to 15 years, indicating that prosecutors believe that prosecutors are considered serious crimes.
Current General Manager Cocoa Corp is Chung Shin, but Kim remains the largest shareholder of conglomerate, hold 24.12 percent of the share, along with its affiliates.
What further looking at the next in the Cocoa Court case
Judgment of the Court: The final decision of Seul Court will establish a legal precedent in connection with the threshold between an aggressive market strategy and criminal manipulation. While Kim is considered a refreshing competitor traditionally in the family conglomerates in Korea, the verdict could eventually influence Kim’s legacy, who Forbes He currently states that he has a net worth $ 5.1 billion for ranking as the fourth richest in the country.
Behavior of joining and acquisitions in industry: Global platforms and private capital observers will monitor the case to see how future bids for Korean labels are structured and discovered. With the use of Korean entertainment and the music industry, it becomes more competitive and lucrative, such a high profile can affect how the power and capital are distributed in the market.
Kim’s health: After his arrest and the indictment in 2024, Kim was released on bail for health reasons with reports that state that the processing of cancer cancer. In March this year, the 59-year-old deviated from the control of fronting for this health problem. Reuters He noted that “Kim looked weaker than during his previous court several months ago” in his ground coverage last week.
Why did the cocoa case ask K-pop
Desalice attends magazine for a magazine in Bistroteku in Bistrotekui, 1. July 2025. in London, England. (Photo by Aimee Rose McGhee / Dave Benett / Getty Images for Imagine Magazine)
Aimee Rose McGhee / Dave Benett / Getty Images for Imagine Magazine
Cocoa’s various surgery permeates everyday life for many South Korea, relating to the exchange of messages, banking, games, shopping, driving more. Cocoa Entertainment is a subsidiary of a company that includes music labels, talent agencies, content issuance platforms, streaming services and more. A group of music companies Cocoa Ent operates under a multi-tag model, connecting companies such as star fun, IST for fun, high entertainment, antenna and edam entertainment under one of the umbrella content. This approach generates synergies in transverse markings, providing additional influence in accessing multiple business avenues cocoa corp.
Cocoa party also serves as a distributor of music for different K-Pop agencies, some cannot join the Umbrella Cocoa Ent, allowing the label music to reach domestic and global audiences. At the beginning of 2021. years, K-pop fans Beševi When a licensing dispute between cocoa and Spotify Music rights for public artists like Epic, CL, Hyuna, Mamamoo, Monsta X, I-DLE, Jessi, and more to expire and disappear from the most useful audio service in the world. After the fans, artists and managerial teams, they heard for the solution, companies resolved after 10 days.
This summer, Cocoa Corp has responded to selling cocoa fun, now strengthens his majority shareholder in SM, sharing that the company “interrupted the audit” of potential changes in shareholders. Instead, cocoa declared its commitment to researching strategic options to expand the global company imprint. The case in the point: Cocoa and SM Entertainment partnership with British television products Moon & Back Media will launch Band Band Band large size (above) at the top 2025.
2025 Cocoa Fun Roster
Actress and singer and in aka Lee Ji-eun has a photo-EUN for Photocall for 2025 Newsis K-Expo in Lotte Hotel Seoul, 28. August 2025. In Seoul, South Korea. (Photo: Han Miung-Gu / Viremage)
Cigarity
- Antenna: Ti Hee-Jol, Jung Seung-Hvan, Lee Jin-ah, Mijoo of Loveliz, Lee Hiori, Cho Kiu-Hiun; Toy, peppertones, dragon pony and more
- EDAM ENTERTAINMENT: Iu i Woodz
- High for fun: Staic and Black Eyed Pilseung
- Is fun: Vikton, Atbo and Hurining Bahiiiih from KEP1ER
- Starship Entertainment: K.VILL, MONSTA K, Vinho, VJsn, Brother, whole, Ivo, Kiiiikiii, Idid and more
At the bottom
Last year’s back on his back and for the control of most SMB, she took place as a Korean drama with family conflicts, observed professional backgrounds and previously unexcused stories easier on major artists like AESPA. Predicting the legal court of distant dramatics to better define what is only behavior in business and market capitalization, especially in the musical focused industry in the music industry where many have an emotional attachment that extends beyond business numbers.
Stock Cocoa Corp has lost only 1,000 Korean won ($ 0.72) in this Friday, 29. August, during the day 1.57%, and ended the week 2.95% in red. Cocoa’s stock is still almost 67% ongoing, after the rise this summer.
