Bithumb to reappoint CEO, seeks to double bond issuance limit

South Korean crypto exchange Bithumb will seek the reappointment of CEO Lee Jae-won and internal director Hwang Seung-wook at its regular shareholders' meeting on March 31, according to industry sources. The company also plans to propose an amendment to its articles of incorporation to double the issuance limit for convertible bonds (CB) and bonds with warrants (BW) to 300 billion won. Additionally, Bithumb intends to appoint Jung Yeon-dae, an adjunct professor of business administration at Sogang University, as its new auditor. The remuneration limit for executives this year will remain unchanged from last year at 20 billion won for directors and 5 billion won for auditors.