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Korbit company logo
Corporation
INTERNET | eCommerce / Marketplace
korbit.co.kr

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Stage

Corporate Minority | Alive

Total Raised

$78.4M

Valuation

$0000 

Last Raised

$75M | 3 days ago

About Korbit

Korbit is a South Korea-based bitcoin & ethereum exchange platform.On September 26th, 2017, NEXON acquired a majority stake in Korbit, at a valuation between $123M to $150M.

Korbit Headquarter Location

7th floor, Junkyung Building 111, Teheran-ro, Gangnam-gu

Seoul,

South Korea

Latest Korbit News

SK Square chooses crypto and metaverse as its first investment after creation2021.11.29 13:49

Nov 29, 2021

SK Square chooses crypto and metaverse as its first investment after creation 2021.11.29 13:49:25 | 2021.11.29 13:50:50 Receiver Investors were unimpressed by SK Square Co.’s cryptocurrency and metaverse choices as its first investment after starting anew as a stand-alone investment entity upon separation from SK Telecom Co. The company on Monday announced it will invest 90 billion won ($75.4 million) for a 35 percent stake in cryptocurrency exchange Korbit Inc., making it the second largest shareholder after NXC. SK Square said the investment comes as part of efforts to expand portfolio in platform business. The company believes blockchain and virtual asset industries to become next-generation digital platform. Shares of SK Square were trading 8.29 percent lower at 75,200 won by midday Monday. SK Square and Korbit plan to enhance Korbit’s service so that more individuals investing in virtual assets can earn more accurate and reliable investment information and carry out transactions in a safer environment. The two companies will also jointly introduce new services in metaverse and non-fungible token sectors. SK Square is a newly set up investment company that spun off from SK Telecom in August. The company focuses on investment in chips and ICT areas. Under its umbrella are SK hynix, ADT Caps, 11Street, T Map Mobility, One Store, Contents Wave, Dreamus Company, and SK Planet. Korbit plans to create various business synergy with media and content affiliates of SK Square and use the channel to invite new users and offer more benefits to existing users. It will also introduce an integrated log-in service and decentralized identifier (DID)-based simple verification service. SK Square also announced to invest 8 billion won for a 40 percent in three-dimensional digital human developer On Mind Inc. under Kakao Corp. Its first digital human SUA signed an advertising model contract with Unity Korea. By Pulse MON

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Expert Collections containing Korbit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Korbit is included in 2 Expert Collections, including Blockchain.

B

Blockchain

3,779 items

Companies and startups in this collection leverage blockchain technology for crypto investing and trading, decentralized finance (DeFi), NFTs, and more.

F

Fintech

2,731 items

Track and capture company information and workflow.

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