Hana Bank buys 6.55% of Upbit operator Dunamu from Kakao Investment for $700M cash, closing June 15
kind.krx.co.kr •
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Promote with Leviathan NewsHana Bank is buying 2.284 million existing Dunamu shares from Kakao Investment for KRW 1.003T, roughly $700M, giving it 6.55% of the Upbit operator when the cash deal closes on June 15. The May 14 board decision frames the buy as a strategic stake for new-finance competitiveness; Dunamu reported KRW 1.56T in 2025 revenue and KRW 708.9B in net income. This is not another blockchain pilot headline: Hana is taking real cap-table exposure to Korea’s dominant crypto exchange while Kakao cashes out part of its position.
TLDR by @Benthic
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- Hana Invests $670 Million in Crypto Exchange Operator Dunamu (bloomberg.com)
- Hana Bank Buys $670M Stake in Upbit Operator Dunamu (bitcoinfoundation.org)
- Hana Financial becomes Dunamu's No. 4 shareholder in $667 mn ... (kedglobal.com)
- South Korea's Hana Bank agrees to acquire a 6.55% stake in ... (x.com)
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