Hana to take W1tr Dunamu stake, become fourth-largest shareholder

Hana Financial Group is investing 1 trillion won ($667 billion) in Dunamu, operator of Korea's largest crypto exchange Upbit, in the biggest tie-up yet between a major Korean banking group and a domestic digital asset firm. Hana disclosed Friday that its board approved the purchase of 2,284,000 Dunamu shares from Kakao Investment for 1.033 trillion won. The deal will give Hana a 6.55 percent stake in Dunamu, making it the company's fourth-largest shareholder after founder and Chair Song Chi-hyun

By The Korea Herald