[Several large Korean companies face a total loss of about $7.3 million in their investments in Bithumb's NFT market]

According to the Chosun Ilbo on June 5, some large Korean corporate conglomerates, including SK Group, LG CNS, and CJ Group, may face huge losses in their investments in NAEMO Market, the NFT trading platform of Bithumb Meta, a metaverse company under Bithumb. The NAEMO market has been losing money since its inception, despite receiving 17 billion won in funding from Bithumb Meta's parent company Bithumb Korea and attracting nearly 10 billion won (about $7.3 million) in investment from the above-mentioned large companies. However, as the NAEMO market will be closed on June 30, these investments will be wiped out, and these Korean corporate conglomerates may lose nearly 10 billion won together.