As the institutionalisation of South Korea’s digital asset market is delayed, financial authorities are again stressing the need to limit major shareholders’ stakes in exchanges, heightening industry concerns. The Financial Services Commission is considering a 20 percent cap, with options such as allowing up to 34 percent under conditions or limiting voting rights. With second-stage legislation stalled, uncertainty is affecting deals and investments involving Naver Financial, Dunamu, Coinone and Korbit.

Line Games has withdrawn its planned shareholder-allotted rights offering, saying the decision followed a comprehensive review of internal and external market conditions. The company filed a revised disclosure on Sept. 15 to cancel the capital increase plan, halting the offering. A company official said the board resolved to withdraw the plan after close examination. The company also denied any connection to a lawsuit between Line Yahoo (LY) and Lungo Entertainment, saying the purpose was consistently to raise operating funds.