Plastic Surgeon and Startup Investor Buys $352 Million Stake in Korean Crypto Exchange Bithumb

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A group led by one of South Korea’s leading plastic surgeons, Dr. Kim Byung Gun, has made a major investment in crypto exchange Bithumb’s holding company. Bloomberg reported the news Friday, Oct. 12.

The surgeon’s BK Global Consortium has closed a deal to acquire “50 percent plus one share” of BTC Holding Co. – the largest investor in Bithumb’s operator – for around 400 billion won ($352 million), Bloomberg reports, citing a Bithumb spokesperson. The report states that BK Global Consortium was already the “fifth-largest” shareholder of BTC Holding.

According to Bloomberg’s source, the transaction is to be finalized in February 2019.

Dr. Kim Byung Gun also established an Initial Coin Offering (ICO) analysis firm in Singapore last year, according

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