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Crypto

Coinone becomes latest crypto exchange target in stake-buying race after Dunamu

Moves by South Korean financial firms to secure stakes in digital asset exchanges are accelerating as expectations grow that the separation of finance and digital assets may ease. Coinone held a signing ceremony for a strategic equity investment deal with Korea Investment Securities, OKX Ventures and Com2uS Holdings. Korea Investment Securities and OKX Ventures will each acquire 20 percent. The deal reshapes Coinone’s ownership while keeping CEO Cha Myung-hoon as the largest shareholder.

Crypto

Coinone raises investment from Korea Investment Securities and OKX Ventures to expand digital finance

Coinone will bring in Korea Investment Securities and OKX Ventures as new strategic investors, it said. The investment is structured through purchases of some existing shares held by Coinone’s largest shareholder and Com2uS Holdings, plus newly issued shares. After completion, Korea Investment Securities and OKX Ventures will each hold 20% stakes, becoming joint third-largest shareholders. Coinone said its chief’s control will remain unchanged.

Finance

NH NongHyup Bank productive finance support tops 8.5 trillion won

NH NongHyup Bank said its productive finance support reached 8.54 trillion won as of May 22, meeting 67.6 percent of its annual target. The bank reviewed progress and discussed second-half priorities at its second productive finance steering committee meeting on May 28. It shared plans for advanced strategic industries, region-specific industries, technology finance, the National Growth Fund and venture capital equity investments. It also discussed collaboration strategies based on department ideas.