Hanwha Investment & Securities Acquires Additional Dunamu Shares for 600 Billion Won, Raising Stake to 9.8%
Dunamu Valued at 15.3 Trillion Won
Acquisition of Existing Shares Held by Kakao Investment
Hanwha Investment & Securities has increased its stake in Dunamu, the operator of Upbit—South Korea's largest virtual asset exchange—by purchasing additional shares worth 600 billion won, raising its ownership share to 9.8%.
On May 20, Hanwha Investment & Securities announced that its board of directors had resolved to acquire 1,361,050 Dunamu shares (representing a 3.90% stake) held by Kakao Investment for 597.8 billion won.
Based on the acquisition price, this transaction values Dunamu at approximately 15.3185 trillion won. With this purchase, Hanwha Investment & Securities’ stake in Dunamu will increase from 5.94% to 9.84%.
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The company explained that the decision to acquire additional shares reflects its expectation that virtual asset exchanges will expand their influence beyond simple brokerage into comprehensive financial infrastructure providers. Hanwha Investment & Securities stated that the purpose of this investment is “to strengthen our digital finance competitiveness and secure business synergy in the future.”
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