Hana Bank buys 6.55% of Upbit operator Dunamu from Kakao Investment for $700M cash, closing June 15

Hana 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)
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