{"id":53751,"date":"2021-11-29T19:52:05","date_gmt":"2021-11-29T17:52:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53751"},"modified":"2025-09-03T16:46:58","modified_gmt":"2025-09-03T13:46:58","slug":"sk-telecom-unit-buys-stake-in-korbit-bitcoin-exchange-for-75-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sk-telecom-unit-buys-stake-in-korbit-bitcoin-exchange-for-75-million\/","title":{"rendered":"SK Telecom unit buys stake in Korbit Bitcoin exchange for $75 million"},"content":{"rendered":"<p>Investment company SK Square invested 90 billion won (~$75 million) in the cryptocurrency exchange Korbit by purchasing a 35% stake. The Korea Herald reports, citing the firm.<\/p>\n<p>According to the statement, SK Square and Korbit plan to jointly promote the exchange&#8217;s services and &#8220;popular cryptocurrency products.&#8221; The latter include non-fungible tokens (NFTs) and the metaverse.<\/p>\n<p>SK Square is a subsidiary of South Korea&#8217;s largest mobile operator SK Telecom, part of the SK Group conglomerate. According to the publication, the firm also invested 8 billion won ($6.7 million) in Onmind, a maker of 3D avatars linked to tech giant Kakao.<\/p>\n<p>Company representatives confirmed SK Square&#8217;s intention to continue investing in new technologies such as blockchain and metaverses.<\/p>\n<p>Earlier in June<a href=\"https:\/\/forklog.com\/en\/news\/korbit-launches-south-koreas-first-nft-marketplace\"> Korbit launched an NFT platform<\/a> on the Ethereum blockchain.<\/p>\n<p>Follow ForkLog&#8217;s news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment company SK Square invested 90 billion won (~$75 million) in the cryptocurrency exchange Korbit by purchasing a 35% stake. The Korea Herald reports, citing the firm.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1502,974],"class_list":["post-53751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-korbit","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"11","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53751"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53751\/revisions"}],"predecessor-version":[{"id":53752,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53751\/revisions\/53752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}