[Featured Stock] Hanwha Investment & Securities Soars on Highlighted Value of Dunamu Stake
![[Featured Stock] Hanwha Investment & Securities Soars on Highlighted Value of Dunamu Stake](http://www.asiae.co.kr/news/img_view.htm?img=2021050610060123219_1620263160.png)
[Asia Economy Reporter Hwang Junho] Hanwha Investment & Securities' stock price surged in the market on the 17th.
As of 10:22 AM that day, the preferred shares of Hanwha Investment & Securities were trading at 14,500 KRW, up 10.69%. The common shares of Hanwha Investment & Securities also rose 4.71% to 5,780 KRW.
In the market that day, the stock price rose as the value of Dunamu shares held by Hanwha Investment & Securities was highlighted.
Hanwha Investment & Securities disclosed in its Q3 business report the previous day that it holds a 6.14% stake (2,069,450 shares) in Dunamu, the operator of Upbit.
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When Hanwha Investment & Securities purchased Dunamu shares in February this year, Dunamu's corporate value was about 1 trillion KRW, but currently, based on over-the-counter prices, Dunamu's market capitalization has increased to about 18.4 trillion KRW. Accordingly, the value of Hanwha Investment & Securities' stake in Dunamu appears to have increased from about 60 billion KRW to over 1 trillion KRW.
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