Kakao founder released on bail after 100 days in detention... Hopes for business normalization = South Korea

Kakao, the Korean internet giant that was facing its worst crisis after its founder was arrested, is back on the move. He was arrested and indicted on suspicion of directing and conspiring to manipulate stock prices during the acquisition of SM Entertainment.
Kim Bum Soo, founder and chairman of the Kakao CA Council's Management Innovation Committee, has been released on bail after 100 days in detention.
On October 31 at around 4:20 pm, Kim was released from the Nambu Detention Center in Guro-gu, Seoul.
On the same day, the Seoul Southern District Court granted bail to Kim, who was indicted on charges of violating the Capital Markets Act.
The court required the bail conditions to include the submission of a written pledge, residence restrictions, a 300 million won deposit, attendance when summoned, and court permission at the time of departure.
In addition, we may have direct or indirect contact with those involved in the case, such as the defendant or witnesses during the investigation process.
With Kim's return, it is expected that the company's normalization and innovation will begin in earnest. Kim has been serving as the chairman of the management innovation committee within the company.
As a result, attention is focused on whether the company will continue to make aggressive innovations, such as streamlining its affiliated companies, in the future.