[Special Stock] 'Bithumb Funding Suspicion' Chorokbaem Group Chairman Withdrawal... Chorokbaem Media Down 13%

On the 19th, Chorokbaem Media's stock price showed a sharp decline in the early trading session.

As of 10:19 AM on the same day, Chorokbaem Media's stock price was trading at 5,870 KRW, down 13.17% compared to the previous trading day.

Earlier, the prosecution banned Won Young-sik, chairman of the Chorokbaem Group, who is known to have funded Kang Jong-hyun, the alleged real owner of the cryptocurrency exchange Bithumb, from leaving the country. It is reported that the prosecution is investigating with the possibility that Chairman Won was also involved in the stock price manipulation process. On the 9th, the prosecution also conducted a search and seizure at Chorokbaem Media's office located in Gangnam, Seoul.