MarsBit news, according to Korean media News1, the South Korean branch of the encryption trading platform Huobi will cut off its relationship with Huobi Global and operate its own business. In the process, it will negotiate equity ownership, the report said. More than half of the existing Huobi Korea is owned by Huobi Global founder Leon Lin. The next major shareholders include Chairman Jo Guk-Bong and Korea Land Trust. Jo also owns a cryptocurrency mining company in which he will receive a majority stake from Lin.