Woofun AI reports that Kiwoom Securities is negotiating a third-party private placement with Bithumb to subscribe to new shares, with investment scale and stake ratio under discussion. This follows equity pursuits by Samsung, Future Asset, and Korea Investment & Securities.

South Korean regulators are advancing cryptocurrency rules that would cap major shareholder stakes at 20%, potentially forcing Bithumb Holdings, which holds 73.56%, to reduce its position. Bithumb is pursuing a KOSDAQ listing with Samsung Securities as lead underwriter, while exploring cooperation with financial institutions without confirmed plans.