Bithumb is one of South Korea’s largest exchanges in terms of volume.
BK Global Consortium is a blockchain investment fund of BK Global, a plastic surgery company.
BTC Holdings Company, which previously held 76% of the shares in Bithumb, agreed to sell 51% of the shares to the BK Group.
The report says that the acquisition was valued at approximately $880 million.
Kim Byung Gun, Chairman of BK Group, is also a crypto investor who launched an ICO consulting firm last August.
