2023.07.13
Delio Seeks Sale, Past Similar Cases, and Challenges Ahead
Delio's CEO, Jung Sang-ho, plans to sell his 70 percent stake in the company to raise funds for the recovery of the victims affected by the recent Delio crisis. CEO Jung Sang-ho believes that despite the decline in the company's value, he can secure a significant amount of funds by offering discounts and attracting foreign investors. One of Delio's selling points is its Virtual Asset Service Provider (VASP) license, which adds value to the sale, although challenges are expected due to Delio's primary focus on virtual asset deposit services and the ongoing review of corporate rehabilitation procedures.
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