KOSDAQ-listed company Axion Group announced on July 15 that it is officially entering the digital finance business. To this end, the company has established a Digital Business Division and recruited a significant number of top domestic experts in the field.
According to its disclosure, the company will hold an extraordinary general meeting of shareholders on August 29 to appoint new directors and add new business objectives. Specifically, the company will amend its articles of incorporation to include blockchain and an increase in convertible bonds. In terms of personnel, the new directors will be Song Haneol, CEO of First Soul Korea, and Jin Daeho, a director.
CEO Song is a hedge fund manager with 15 years of experience and is currently the CEO of First Soul Korea. Director Jin is a blockchain expert with venture capital experience at JP Morgan and other firms. Song has managed funds worth trillions of won at institutions such as Samsung Asset Management, demonstrating outstanding risk management and return management abilities. Jin has overseen various deals in derivatives and alternative investments and is recognized as a blockchain expert.
First Soul Korea has obtained a Private Fund Investment financial license in the British Virgin Islands (BVI) and has a subsidiary in Hong Kong. The company specializes in blockchain-based asset trading and operates an algorithm-based Bitcoin trading platform. This algorithm was jointly designed by hedge fund managers and derivatives experts from the traditional financial market, and scientifically models signals for Bitcoin accumulation timing based on the management of funds worth trillions of won.
Axion's move is not simply an expansion into a new business area. Rather, it is in line with the global trend of the financial industry's core shifting toward digitalization and decentralization. The company interprets this new business initiative as a strategic decision aimed at securing financial stability and long-term growth drivers, rather than pursuing short-term profits.
Meanwhile, regarding the recent merger with MJ Tech, only 0.2% of shareholders opposed the move. The company is also drawing attention for its successful small-scale paid-in capital increase and its anticipated future steps.
An Axion Group representative stated that the company plans to operate with a structurally sound approach that considers the global regulatory environment, aims for sustainable profit generation, and is committed to responsible investment based on risk control.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
