Dunamu Reports Operating Profit of 3.27 Trillion KRW Last Year... Kakao Outside Director Resigns

[Asia Economy Reporter Lee Jung-yoon] Dunamu, the operator of the domestic cryptocurrency exchange Upbit, reported an operating profit of 3.27 trillion KRW last year.

According to Dunamu, four agenda items, including the approval of last year's financial statements and the appointment of inside directors, were passed at the regular shareholders' meeting held on the 31st.

Dunamu's consolidated operating revenue (sales) for last year was 3.7046 trillion KRW, and operating profit was 3.2714 trillion KRW. Net income for the period was 2.2411 trillion KRW.

Additionally, the appointment of Jung Min-seok as Chief Operating Officer (COO) and Lim Ji-hoon as Chief Strategy Officer (CSO) as inside directors was also approved. However, Kakao decided not to participate in Dunamu's board of directors as a financial investor, leading to the resignation of outside director Lee Sung-ho. Accordingly, Dunamu's board of directors will be composed of Chairman Song Chi-hyung and CEO Lee Seok-woo as inside directors, along with COO Jung Min-seok and CSO Lim Ji-hoon. Vice Chairman Kim Hyung-nyeon recently stepped down from his registered director position due to personal reasons but retains the title of Vice Chairman.

The remuneration limit for registered executives was approved at 20 billion KRW, the same as last year. This is a ceiling and does not represent the total amount to be paid to individual directors.

Dunamu explained, "We initially set a high remuneration limit to prepare for a significant increase in the number of registered directors, but we have revised it back to the same total amount as before."

This content was produced with the assistance of AI translation services.