[Featured Stock] Barunson Surges on News of Investment in Cryptocurrency Exchange
![[Featured Stock] Barunson Surges on News of Investment in Cryptocurrency Exchange](http://www.asiae.co.kr/news/img_view.htm?img=2021100118404351226_1633081243.png)
[Asia Economy Reporter Ji Yeon-jin] Barunson's stock price surged after acquiring shares of Dunamu, the operator of the cryptocurrency exchange Upbit.
As of 10:12 AM on the 8th, Barunson was trading at 4,435 KRW, up 19.27% (715 KRW) compared to the previous trading day. During the session, it rose as much as 28.71% to 4,775 KRW, setting a new 52-week high.
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Barunson announced that it decided to acquire 0.21% (71,429 shares) of Dunamu for 21.4 billion KRW the day before. The company explained, "Due to the dissolution of the K Cube No.1 Venture Investment Association, the assets held by the association are being distributed in kind according to our shareholding ratio."
This content was produced with the assistance of AI translation services.
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