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    S.Korea court accepts injunction request against Kakao purchase of SM Entertainment shares - Yonhap

    Picture of SM Entertainment Co logoSM Entertainment Co
    03/03/2023 08:42
    SEOUL, March 3 (Reuters) - A South Korean court accepted
an injunction request filed by SM Entertainment  041510.KQ 
founder Lee Soo-man against the acquisition of SM shares by
Kakao Corp  035720.KS , blocking the tech giant's move to own a
9.05% stake in the K-pop agency, Yonhap news agency reported on
Friday.

 (Reporting by Hyunsu Yim; editing by John Stonestreet)
 ((Hyunsu.Yim@thomsonreuters.com;))

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