Korean Investment Giant KIC May Invest in Crypto Directly

Quick Summary:

Korea Investment Corporation (KIC) president Park Il-young has said his firm would consider investing in virtual assets as soon as the industry secures legal stability.

Il-young made the statement during a South Korean National Assembly audit.

He clarified that his corporation’s KRW 4.2 billion (approximately $3 million) investment in MicroStrategy was purely a strategic move.[…]

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: IndiaSouth Korea

Topics: Bitcoin News Market News Market BTC

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-21 @ 16:00:00 (4 days ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 135 words

Reading Time: 1 minutes read

Sentences: 46 lines

Sentence Length: 3 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 23159079

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 18 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 12 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

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News Language: English

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Publisher ID: #124

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