Korea Investment & Securities (KIC) and OKX are set to jointly acquire a 40% stake in the South Korean cryptocurrency exchange Coinone. The acquisition, expected to be finalized on May 29, will see each company purchasing a 20% stake, with the total transaction valued between 500 billion and 600 billion won (approximately $332 million to $398 million). The acquisition will be executed through a new share issuance, ensuring that the current management of Coinone remains unchanged. This strategic move will enable KIC to expand its digital asset operations, focusing on token issuance, circulation, and attracting corporate clients for large-scale brokerage services.