According to Gate News, on April 1st, a South Korean cryptocurrency exchange announced that its IPO will be postponed until after 2028, significantly later than the previous target of a listing in the second half of 2025. The exchange stated that it is still in the preparation stage for the listing, focusing on finalizing accounting policies, strengthening internal controls, and promoting internal audits. The exchange has signed a consulting contract with Samjong KPMG until the end of 2027, and the listing is expected to be completed after this period. Although the exchange is projected to reach approximately $43 billion in revenue by 2025 (6510 billion Korean won) and increase its market share to over 30%, recent internal issues and regulatory concerns have put pressure on the IPO process. Among these was a mishandling incident: during an event, the platform mistakenly issued about 620,000 bitcoins (worth approximately $43 billion at that time). Although most of the funds have been recovered, it led to an investigation by South Korea’s financial regulatory authorities.