SK Square became the second-largest shareholder of Korbit by investing about 90 billion won in acquiring a 35 percent stake.
Korbit's largest shareholder is NXC, the holding company of local online game maker Nexon.
SK Square expects that merely holding a stake in Korbit will boost its net asset value as cryptocurrency transactions rapidly increase to top the main bourse, Kospi.
Korbit is one of South Korea's top four cryptocurrency exchanges,
With this investment, SK Square said the company and Korbit would further upgrade their services to allow more virtual asset investors to obtain more accurate and reliable investment information and trade safely.
According to SK Square chief investment officer Yoon Poong-young, they hope to become more attractive as an investment firm by investing in ICT areas that will lead to future innovation, such as blockchain and metaverse.


Trump Slams Iran Over Strait of Hormuz Oil Restrictions Amid Fragile Ceasefire
Bank of Japan Governor Signals Accommodative Stance Amid Negative Real Rates
China's Factory-Gate Prices Rise for First Time in Over Three Years Amid Global Cost Pressures
FxWirePro- Major Crypto levels and bias summary
Gold Prices Rise on Weaker Dollar and Ceasefire Hopes
FxWirePro- Major Crypto levels and bias summary
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes
U.S. Pushes for Crypto Regulation to Keep Digital Asset Growth at Home
Gold Prices Slip as Dollar Strengthens Amid U.S.-Iran Tensions and Rising Inflation
Bank of America Maintains Forecast for Two Fed Rate Cuts in 2026 Despite Inflation Risks
Asia FX Slides as Dollar Surges Amid U.S.-Iran Tensions and Inflation Fears
Ethereum Consolidates: Bullish Technicals Point to a Potential $3,000 Breakout
Iran War Fallout: How Sri Lanka, Pakistan, and Egypt Are Struggling With Rising Energy Costs 



