Samsung Securities Plans to Acquire 2% Stake in Upbit Operator Dunamu for $204 Million

Odaily Planet Daily News: Samsung Securities has passed a board resolution, planning to acquire 2% of Dunamu's shares for 306.3 billion won (approximately $204 million), equivalent to about 697,000 shares at an acquisition price of approximately 439,000 won per share.

The sellers in this transaction include Kakao Investment, Kakao Ventures, the Kakao Youth Startup Fund, and the KIF-Kakao Woori Bank Technology Finance Investment Fund. Based on the transaction price, Dunamu's overall valuation is estimated to be approximately 15.3 trillion won (about $10.2 billion).

Samsung Securities stated that this investment aims to enhance its competitiveness in the digital asset business and expand related synergies. Previously, Hanwha Investment & Securities also acquired Dunamu shares held by Kakao Investment at the same valuation. (Yonhap News Agency)