Hyunguk Jang, former representative of Wemade. (Photo= YouTube capture)

 

[Alpha Biz=(Chicago) Reporter Paul Lee] Korea's leading kimchi coin WEMIX once plunged 40% on news of the resignation of Wemade CEO Jang Hyun-kook. Wemix is a virtual asset issued by WeMade.

At 6:39 pm on the 14th, Bithumb based Wemix is trading at 4,276 won, down 10.09% from the previous day. At 6:14 p.m., shortly after the news of CEO Jang's resignation, it fell to 3,548 won. The figure is down 40.64 percent from a high of 4,990 won just before the plunge.

According to the Financial Supervisory Service's electronic disclosure system (Dart), Wemade announced through its board of directors that CEO Jang resigned and appointed Chairman and Founder Park Kwan-ho as its new CEO.

Jang will remain as vice chairman of Wemade in the future to support Park's management work.

Earlier, the prosecution summoned those involved in Wemade by looking into the alleged avoidance of reporting virtual asset operators and the coin issuance fraud case.

Meanwhile, Park is a domestic first-generation game developer who founded Wemade in February 2000 and led the development and service of the PC online game '

The Legend of Mir 2', which was popular in Korea and China.

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