Korbit Upgrades Corporate Service "Korbit Biz" ... "Enhancing Internal Controls"

Korbit, the nation’s first virtual asset exchange, announced on December 19 that it has significantly upgraded the features of its corporate-exclusive service, “Korbit Biz,” to enhance convenience for corporate members and strengthen internal controls.

The key point of this update is the clear separation of account authority systems to improve the security of corporate assets, as well as the introduction of a portfolio management feature to increase the efficiency of fund operations.

First, Korbit has strengthened its internal control system by dividing account types into “administrator accounts” and “user accounts.” Only administrator accounts are permitted to deposit or withdraw funds externally, while user accounts, which handle day-to-day operations, are limited to virtual asset trading and utilizing various services. This structure is designed to fundamentally prevent financial accidents such as embezzlement by clearly distinguishing roles and responsibilities.

Additionally, to facilitate efficient fund management, a new “portfolio management” feature has been introduced. This allows assets within a corporate account to be divided and managed independently under the name of “portfolios” by person in charge or by purpose, functioning like separate accounts. Through this, each manager can conduct transactions within their assigned portfolio, enabling calculation of individual returns and management of transaction histories, thus allowing for more systematic and sophisticated asset management.

Lee Jungwoo, CTO and CPO of Korbit, stated, “This update actively reflects the feedback from corporate clients who have used Korbit Biz, focusing on simultaneously enhancing internal controls and operational efficiency,” adding, “We will continue to advance our services to create an environment where corporate members can manage virtual assets with confidence and convenience.”

Meanwhile, starting with these feature improvements, Korbit plans to continuously expand B2B-specialized services, such as virtual asset staking services, which are in high demand among corporate clients.