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Crypto

Nexon winds down crypto affiliates, speeds up portfolio reshuffle

Nexon Group moved faster to reshape its business structure as it wound down virtual asset-related affiliates and added a European industrial solutions company while its annual revenue topped 5 trillion won. NXC’s audit report showed 2025 revenue rose 3.8 percent to 5.18 trillion won, while operating profit fell 17.4 percent to 960.9 billion won. Net profit slid to 85.9 billion won, reflecting base effects from prior disposal gains.

Crypto

Brokerages eye digital asset exchanges in race to secure future growth

South Korea\'s major brokerages are showing interest in digital asset exchanges, with Korea Investment & Securities reviewing a possible stake purchase in Coinone after Mirae Asset moved to buy a controlling stake in Korbit. The moves come despite regulatory uncertainty, including debate over limits on major shareholders\' stakes. Industry watchers say ownership rules could spur governance reshuffles and open acquisition opportunities for financial firms.