Kakao

TikTok recently announced the shutdown of its TikTok Music streaming service, but that's not the end of its musical ambitions

Numerous Kakao executives have now been indicted in relation to the telecom company's takeover of SM Entertainment last year

The arrest jeopardizes the future plans of Kakao, one of South Korea's most prominent tech giants

The biggest stories from the past week – all in one place…

Prosecutors allege that illegal stock manipulation was involved in Kakao's successful battle to take control of SM Entertainment

Kakao's music streaming service Melon will be monitored for signs of anti-competitive practices

Korea's biggest music companies are increasing their presence in the United States – and they're hungry to grow market share

The aim is to promote artists from both companies

South Korea's Financial Supervisory Service is investigating suspected stock manipulation

News culminates months-long corporate battle against SM rival HYBE to take control of the K-Pop agency

Music giant to sell 15.8% stake in SM

Partnership includes 'global management' of rising K-Pop stars, IVE