Crew-11 Mission

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Sunset, salt, and soul food. Where stories spill with the tide and laughter drapes the horizon—this isn’t just dinner, it’s a ritual of joy. 🎉 She didn’t just bring the vibes—she is the vibes. Lit in lavender, drink raised, legacy in motion. This is what community in bloom looks like when the night decides to celebrate her. Rum, rhythm, and riverside reverie. Where tales flow like Captain Morgan and every seat is the VIP section of memory. The "HIDE OUT" is no location—it’s an atmosphere. HIDE OUT: Where kinship meets cool. Riverside rhythms, wooden whispers, and a crowd that knows good company is the real luxury. This is the archive of us—casual, collected, unforgettable. 🔥 Decked out in legacy and laughter. Feet dangling, stories flowing—this crew didn't come to chill, they came to archive the vibe. The HIDE OUT writes its own mythology, one conversation at a time. Where focus meets finesse. In the low glow of Afrikana,...

South Korean Tech Giant Kakao's Founder Arrested for Stock Price Manipulation

 


South Korean prosecutors have arrested Brian Kim, the billionaire founder of technology giant Kakao Corp., on suspicion of stock price rigging. The allegations stem from his company's takeover of a major K-pop agency last year. Here are the key details:


1. Arrest and Allegations:

   - Kim orchestrated and approved schemes to collaborate with a private equity fund operator.


   - The goal was to manipulate the stock price of K-pop agency SM Entertainment.


   - This manipulation aimed to prevent Hybe Corp. (parent company of K-pop sensation BTS) from acquiring SM Entertainment.


   - Kim denies these allegations.


2. Background:

   - Kakao Corp., known for its popular local mobile chat app, Kakao Talk, has diversified into banking and online shopping.


   - SM Entertainment's top executives opposed Hybe's takeover attempt, fearing industry monopolization and higher costs for fans.


   - Kakao supported SM Entertainment as a "friendly" partner.


3. Legal Process:

   - The Seoul Southern District Court approved an arrest warrant for Kim.


   - Prosecutors have up to 20 days to investigate and decide whether to indict him.


4. Impact:

   - Kakao's stock price fell nearly 5% following the news.


In summary, Brian Kim's arrest highlights the intersection of tech, finance, and K-pop in South Korea. We'll keep you updated as 

the investigation unfolds.



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