Huobi Korea May Sever Ties with Global Brand, Plans to Go Independent

The South Korean unit of Huobi is reportedly exploring an independent working module days after Huobi Global slashed 20 percent of its work force. If the decision is finalised, Cho Kook-bong, the chairperson of Huobi Korea could purchase the 72 percent shares of Huobi Korea that are currently possessed by Leon Li, the co-founder of Huobi Global.