Houbi Korea has been renamed High Block and operates as an independent company

ChainCatcher news, according to the Chosun Ilbo, Houbi Korea has announced its rebranding to High Block, becoming an independent Korean company. The major shareholder of the new company is Houbi Blockchain, and another significant shareholder is Korea Real Estate Trust.

Previously, the largest shareholder of Houbi Korea was the former Houbi Global subsidiary Huobi Technology (now New Huobi Technology), which held about 70% of the shares. The relationship between Houbi Korea and its global parent company has recently been thoroughly resolved. In December last year, Houbi founder Li Lin sold all his shares in Houbi Global, and at that time, Huobi Technology also sold its shares in Houbi Korea. The relationship between Houbi Korea and its global parent company has recently been thoroughly resolved. (source link)