Kiwoom Securities Says No Decision Made on Reported Bithumb Stake Purchase
Minseung Kang
Summary
- Kiwoom Securities said it is reviewing various options to enter the digital-asset business in relation to reports that it may acquire a stake in Bithumb.
- Kiwoom Securities said it is internally reviewing measures to secure a foundation for a digital-asset business, but no specific decision has been made or finalized so far.
- Kiwoom Securities said it plans to make another disclosure when specific details are finalized or within three months.
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Kiwoom Securities said it is reviewing various options to enter the digital-asset business in relation to reports that it may acquire a stake in Bithumb, but that nothing has been finalized.
In a Korea Exchange filing on July 28, the brokerage said it is internally reviewing various measures to secure a foundation for a digital-asset business.
No specific decision has been made or confirmed so far, it said.
The disclosure was a follow-up to a July 29 media report that said Kiwoom Securities was pursuing a stake purchase in Bithumb.
Kiwoom Securities said it will make another disclosure when details are finalized or within three months.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.