In April 2026, competitor Woori Bank announced a partnership with MoonPay to develop similar stablecoin technology
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Dunamu booked a net profit of 708.8 billion won on revenue of 1.56 trillion won in fiscal 2025.
Key facts
Hana Bank, a subsidiary of Hana Financial Group, agreed to buy 6.55% of Dunamu, the operator of South Korea’s largest crypto exchange, Upbit, for about 1 trillion won ($670 million)
The bank, which has roughly $42 billion in assets under management, will buy 2.28 million shares from Kakao Investment, according to regulatory filings released Friday and cited by Maeil Business
The investment precedes Dunamu’s planned merger with Naver Financial in a deal valued at $10 billion announced in November 2025
Dunamu booked a net profit of 708.8 billion won on revenue of 1.56 trillion won in fiscal 2025
Summary
Hana Bank will buy a 6.55% stake in Dunamu, the operator of South Korea’s largest crypto exchange Upbit, for about 1 trillion won ($670 million), making it the company’s fourth-largest shareholder. The deal, set to close June 15, comes as South Korea advances a Digital Asset Basic Act and tighter security rules for crypto exchanges. Hana and Dunamu plan to jointly develop won-pegged stablecoins, blockchain-based remittances, tokenized securities and digital asset management. The bank, which has roughly $42 billion in assets under management, will buy 2.28 million shares from Kakao Investment, according to regulatory filings released Friday and cited by Maeil Business and the Korea Herald.