VivoPower establishes a South Korean office, appointing Chris Kim to enhance its XRP-focused operations in the market.
Quiver AI Summary
VivoPower International PLC has announced the opening of a new office in South Korea and the appointment of Chris Kim as its local representative director, reinforcing its commitment to the South Korean market, which holds a significant portion of the XRP circulating supply. The move follows VivoPower's participation in XRP Seoul and Korea Blockchain Week, showcasing its focus on developing an XRP-centric treasury strategy and decentralized finance solutions. Kim, an experienced venture capitalist, expressed enthusiasm about advancing VivoPower's presence in a market known for its digital asset adoption. VivoPower aims to leverage the South Korean ecosystem to enhance its engagement with the community and support the growth of digital assets.
Potential Positives
- VivoPower has established a South Korean office and appointed a local representative director, reinforcing its commitment to a strategically important market.
- The appointment of Mr. Chris Kim, a seasoned venture capitalist with extensive knowledge of the South Korean market, is expected to enhance VivoPower's strategic initiatives in the region.
- The company's participation in XRP Seoul and Korea Blockchain Week positions it favorably within a digital asset-friendly ecosystem with high XRP ownership.
- VivoPower is focusing on an XRP-centric treasury strategy, aiming to contribute to the growth of decentralized finance infrastructure, which could position the company as a significant player in this emerging market.
Potential Negatives
- Establishing a new office in South Korea may indicate that the company is trying to bolster its presence in a potentially volatile market, raising concerns about its financial stability and the resources allocated to this market expansion.
- The reliance on XRP and a digital asset treasury strategy may expose VivoPower to significant market volatility and regulatory risks associated with cryptocurrencies, which could impact the company's overall financial health.
- The press release emphasizes a shift in business strategy that may reflect uncertainty in its traditional business operations, prompting questions about the company's long-term viability outside of the digital asset sector.
FAQ
What is VivoPower's recent strategic move in South Korea?
VivoPower has established a South Korean office and appointed Chris Kim as the local representative director to enhance its market presence.
Who is Chris Kim and what is his role at VivoPower?
Chris Kim is a seasoned venture capitalist appointed as the local representative director to expand VivoPower’s activities in South Korea.
Why is South Korea important for VivoPower?
South Korea has a significant XRP ownership rate and is seen as a strategic market for VivoPower's digital asset treasury initiatives.
What is VivoPower's focus in digital assets?
VivoPower is focusing on acquiring, managing, and holding XRP digital assets as part of its diversified digital treasury strategy.
What are VivoPower's business units?
VivoPower operates two business units: Tembo, which focuses on electric solutions, and Caret Digital, which emphasizes renewable power use cases.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VVPR Hedge Fund Activity
We have seen 11 institutional investors add shares of $VVPR stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CONNECTIVE CAPITAL MANAGEMENT, LLC removed 108,489 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $433,956
- LEGAL & GENERAL GROUP PLC added 95,830 shares (+inf%) to their portfolio in Q2 2025, for an estimated $390,028
- TWO SIGMA SECURITIES, LLC removed 17,011 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $68,044
- JPMORGAN CHASE & CO added 12,925 shares (+inf%) to their portfolio in Q2 2025, for an estimated $52,604
- SBI SECURITIES CO., LTD. added 11,625 shares (+7088.4%) to their portfolio in Q2 2025, for an estimated $47,313
- HRT FINANCIAL LP added 10,441 shares (+inf%) to their portfolio in Q2 2025, for an estimated $42,494
- UBS GROUP AG added 10,116 shares (+12.9%) to their portfolio in Q2 2025, for an estimated $41,172
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Strategic move affirms VivoPower’s commitment to the important South Korean market
VivoPower presented at XRP Seoul and attended Korea Blockchain Week
South Korea holds $30 billion of XRP circulating supply, representing 20% of the total
LONDON, Sept. 29, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR) (the "Company"), a publicly traded company listed on NASDAQ with an XRP-centric treasury strategy, today announced the establishment of a South Korean office and the appointment of a local representative director, Mr. Chris Kim. This affirms VivoPower’s long-term commitment to the strategically important South Korean market and follows a successful week where VivoPower presented at the XRP Seoul event together with its partner, Girin’s Doppler Finance, and attended Korea Blockchain Week.
Mr. Kim is a seasoned venture capitalist who has successfully managed his own funds as the managing partner of Lean Ventures and previously worked for Platform Partners Asset Management, Pine Venture Partners, Union Investment Partners, Hyundai Corporation, and Mitsui & Co. in Canada.
Mr. Kim said: “I am honored to be joining the VivoPower team and look forward to helping expand its activities and presence in the South Korean market. South Korea is a digital asset-friendly ecosystem with a very high rate of XRP ownership across the population, and VivoPower is well-positioned to engage with this community and beyond.”
Mr. Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are delighted to welcome Mr. Chris Kim to the VivoPower team, given his extensive rolodex and deep knowledge of the South Korean market. As announced previously, we see South Korea as a strategic long-term market for us in the context of building our XRP focused digital asset treasury and decentralized finance solutions business unit, as well as our other businesses.”
About VivoPower
VivoPower International PLC (NASDAQ: VVPR) is a sustainability-driven enterprise undergoing a digital treasury transformation. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.
Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.
Forward-Looking Statements
This communication includes certain statements that may constitute "forward-looking statements" for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intends," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower's management's current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower's business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower's filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.
Media Contacts
VivoPower: [email protected]
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