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Photo: Hanwha Investment & Securities |
[Alpha Biz= Kim Jisun] Hanwha Investment & Securities has increased its stake in Dunamu, the operator of crypto exchange Upbit, through a KRW 597.8 billion share purchase.
The company announced on May 20 that it will acquire 1.36 million shares (3.90%) from Kakao Investment. Following the transaction, Hanwha Investment & Securities’ ownership in Dunamu will rise from 5.94% to 9.84%.
The deal implies a total enterprise valuation of approximately KRW 15.3 trillion for Dunamu.
Hanwha said the investment reflects its strategy to strengthen digital finance capabilities and capture future synergies, as cryptocurrency exchanges evolve beyond simple brokerage platforms into broader financial infrastructure providers.
The move also signals continued institutional confidence in Korea’s leading crypto exchange, despite recent outflows of investor funds from digital asset platforms amid shifting capital toward traditional equity markets.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
https://www.alphabiz.co.kr/news/view/1065614788775183
This article is based on global economic content from Alphabiz, which distributes English-language news on Korean markets and companies to international audiences.
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