NXC, the holding company of Nexon, the $10 billion Japanese gaming company founded by South Korean entrepreneur Kim Jung Ju in 1994, has acquired Korbit, the second largest cryptocurrency exchange in South Korea and the first bitcoin exchange in the country, at a $150 million valuation.
According to sources close to the deal including Hankyung, South Korea’s largest finance and business news publication, Nexon purchased 65.13 percent of Korbit’s shares for $90 million, valuing the company at over $150 million.
Full article here: https://www.cryptocoinsnews.com/south-koreas-second-largest-exchange-korbit-acquired-at-150-million-valuation/
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Did you know? Korbit exchange is a Korean exchange that deals in some of the major cryptocurrencies.