{"id":72297,"date":"2023-01-09T17:46:05","date_gmt":"2023-01-09T15:46:05","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=72297"},"modified":"2025-09-08T14:17:07","modified_gmt":"2025-09-08T11:17:07","slug":"media-huobis-south-korean-subsidiary-distances-itself-from-its-parent-company","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-huobis-south-korean-subsidiary-distances-itself-from-its-parent-company\/","title":{"rendered":"Media: Huobi&#8217;s South Korean subsidiary distances itself from its parent company"},"content":{"rendered":"<p>The South Korean unit of the cryptocurrency exchange Huobi is distancing itself from its parent company, according to local publication <a href=\\\"https:\/\/www.news1.kr\/articles\/4919434\\\">News1<\/a>.<\/p>\n<p>Huobi Korea aims to operate independently, after talks about owning a stake in the business.<\/p>\n<p>More than half of the South Korean subsidiary is owned by Huobi Global founder Leon Li. Other major shareholders include Korea Land Trust and Joe Guk-Bong, according to media. The latter allegedly plans to acquire a controlling stake from Li.<\/p>\n<p>On January 3, journalist Colin Wu reported that employees would <a href=\"https:\/\/u1f987.com\/en\/news\/justin-sun-denies-reports-of-problems-at-huobi\">be paid salaries in stablecoins<\/a> instead of fiat currency, and those who disagree could be fired. At the end of December, his sources told of plans <a href=\"https:\/\/u1f987.com\/en\/news\/journalists-report-huobi-plans-to-cancel-bonuses-and-cut-staff\">to cancel annual bonuses<\/a> and to shrink the workforce from 1,200 to 600-800.<\/p>\n<p>Subsequently, rumors circulated in the community about the closure of internal channels of communication with staff, threats to user funds and potential insolvency of the exchange.<\/p>\n<p>Tron founder Justin Sun rejected reports of problems at Huobi. He also stressed that users&#8217; assets are safe.<\/p>\n<p>Earlier in October, Sun <a href=\"https:\/\/u1f987.com\/en\/news\/media-outlets-name-justin-sun-as-huobi-buyer-tron-founder-denies-rumours\">joined the exchange&#8217;s advisory board<\/a>. He will participate in the company&#8217;s development as an adviser alongside four other representatives from traditional and blockchain companies.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean unit of the cryptocurrency exchange Huobi is distancing itself from its parent company, according to local publication News1.<\/p>\n","protected":false},"author":1,"featured_media":72298,"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":[230,974],"class_list":["post-72297","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-huobi","tag-south-korea"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=72297"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72297\/revisions"}],"predecessor-version":[{"id":72299,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/72297\/revisions\/72299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/72298"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=72297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=72297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=72297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}