Nexon Kim Jung-ju Pursues Acquisition of Cryptocurrency Exchange 'Bithumb'
[Asia Economy Reporter Buaeri] Kim Jung-ju, founder of Nexon and CEO of NXC, is reportedly pursuing the acquisition of Bithumb, the largest cryptocurrency exchange in South Korea.
On the 7th, according to the gaming industry and investment banking (IB) sectors, NXC is said to have teamed up with Bithumb's major shareholder Vidente to acquire shares. The stake NXC is expected to acquire amounts to 65% of Bithumb's total shares. The acquisition price is estimated to be around 500 billion KRW.
CEO Kim has consistently shown interest in cryptocurrency exchanges. NXC acquired the cryptocurrency exchange Korbit in 2017 and purchased Bitstamp, Europe's largest cryptocurrency exchange, in 2018. At the end of 2018, through its subsidiary NXC LLC, it invested in the U.S. cryptocurrency trading agency Tagomi.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Don't Throw Away Coffee Grounds" Transformed into 'High-Grade Fuel' in Just 90 Seconds [Reading Science]
- Signed Without Viewing for 1.6 Billion Won... Jamsil and Seongbuk Jeonse Prices Jump 200 Million Won in a Month [Real Estate AtoZ]
- "Groups of 5 or More Now Restricted"... Unrelenting Running Craze Leaves Citizens and Police Exhausted
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
Regarding this, an NXC official stated, "There is nothing we can confirm."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
