Operator returns to Coinone to accelerate restructuring efforts... Appoints new COO Kim Chun-seok

Source: DecenterKorea Original Title: Coinone, the third-largest domestic cryptocurrency exchange, accelerates restructuring with the return of the owner… Appoints Kim Chun-seok as new COO Original Link: https://www.decenter.kr/NewsView/2K79V2NAYQ/GZ03

The third-largest domestic cryptocurrency exchange Coinone announced the appointment of Kim Chun-seok as the new Chief Operating Officer(COO). COO Kim is a marketing expert who has worked at companies such as SK Telecom and Google. With Chairman Cha Myung-hun returning to the front lines of management after four months, and with the addition of a professional management team, the company’s external expansion is expected to accelerate.

New COO Kim graduated from Seoul National University with a degree in Economics and previously joined SK Telecom. He has also worked at global tech giants like Google and Criteo, and since 2021, he has served as Vice President at Uisikjucompany, operator of the contactless mobile service “Laundrygo,” leading user base expansion and revenue growth.

Coinone stated that, given the significant regulatory changes expected in the cryptocurrency industry this year, Kim COO was appointed to enhance service competitiveness. Kim will be fully responsible for service operations, marketing strategies, organizational culture, and other aspects of Coinone’s corporate operations.

Kim COO said, “Based on my experience in global corporate systematization and dynamic growth in startups, I will strive to make Coinone a meaningful choice for cryptocurrency investors.”

A particularly noteworthy point is that this personnel change is the first adjustment since Chairman Cha returned to management. After relinquishing his exclusive representative rights to professional manager Lee Sung-hyun in August last year, Chairman Cha stepped back from frontline management. However, due to rapid changes in technology and regulatory environment in the crypto asset industry, he reappeared as a representative at the forefront of management.

Chairman Cha considers stabilizing the internal organization as a top priority and is expected to be directly responsible for core product and service strategies, along with advancing AI(AI) infrastructure efficiency work. An IT expert and white-hat hacker by background, Chairman Cha founded Coinone in 2014 and has led the growth of the exchange centered on technology.

During Chairman Cha’s absence from management, the competitive landscape of the cryptocurrency market has also undergone significant changes. Large alliances such as Naver-Dunamu and a major exchange Gopax have emerged, and in the future, asset groups are pushing to acquire Korbit. The entry of traditional financial capital into the market is also accelerating. The industry widely views the appointment of this COO as a strategic move to respond to market changes and enhance Coinone’s competitiveness.