OKCoin Eyes Cryptocurrency Exchange Launch in South Korea

Cryptocurrency exchange OKCoin is reportedly
moving to launch in South Korea – possibly as
soon as next month.
According to The Korea Times , the Beijing-
based firm is eyeing a partnership with NHN
Entertainment, a Korean developer, publisher,
and distributor of mobile and PC games, for
the venture.
The news source suggests that NHN is
considering the partnership and an equity
investment, though the move has apparently
not been finalized
OKCoin was established in China in 2013, but
had to shutter its domestic exchange
operations in October 2017, following Chinese
regulators' crackdown on cryptocurrency
exchanges. Since then, the company has
shifted to an over-the-counter model, and
turned its attention to international markets.
The exchange has already put in place the
OKCoin Korea website and is accepting pre-
orders for cryptocurrencies before the official
launch. It aims to offer more than 60 digital
currencies to be traded against the Korean
won, according to the site.
The timing of the launch comes at a time
when the nation's government has issued
restrictions on cryptocurrency trading
activities and is mulling a harsher crackdown
on exchange-based trading.
Cho Jung-hwan, CEO of OKCoin Korea, told
The Investor that OKCoin is compliant with all
the Korean regulatory requirements, and said,
"there won’t be any problems."