Korea Investment & Securities (KIS) is exploring a potential investment in the South Korean crypto exchange Coinone, as reported by local media. While no formal agreement has been reached, KIS has begun discussions with regulators and political figures, indicating a serious intent to navigate the evolving landscape of crypto ownership in South Korea. Coinone’s current chairman, Cha Myung-hoon, holds a significant 53.44% stake, which could necessitate adjustments if proposed regulations limiting major shareholders’ stakes to 20% are enacted.
This development is critical as it highlights the ongoing regulatory shifts in South Korea’s cryptocurrency market, where ownership structures are under scrutiny. The proposed cap could prompt significant changes across the sector, potentially affecting the competitive dynamics among exchanges. KIS’s strong financial position, with a reported net profit exceeding $1.3 billion in 2025, positions it well to capitalize on these market changes.
Market professionals should monitor this situation closely, as KIS’s entry into Coinone could signal a broader trend of consolidation and strategic partnerships in the South Korean crypto landscape, particularly if regulatory reforms take effect.
Source: cointelegraph.com