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FINWIRES

Kiwoom Securities Says No Decision Yet on Potential Bithumb Stake Acquisition

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Kiwoom Securities (KRX:039490) has not made any decision on the possible acquisition of a stake in South Korean cryptocurrency exchange Bithumb, issuing clarification to a Chosun Biz report that it was pursuing the deal, according to a Wednesday filing with the Korea Exchange.

The South Korean capital market company said that it is reviewing various options to strengthen its digital asset business; however, no specific decision has been finalized.

The company will issue a specific disclosure once the transaction is finalized or within three months.

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