#kakao investment

Hana Financial Group, one of South Korea’s four largest banking conglomerates, announced on May 15 that its flagship Hana Bank has approved the purchase of a 6.55% stake in Dunamu — the operator of Upbit, South Korea’s dominant crypto exchange — from Kakao Investment for approximately 1 trillion Korean won, equivalent to roughly $670 million, […]

Hana Bank agrees to acquire a 6.55% stake in Dunamu for over $700M, marking the largest bank-led crypto investment in South Korean history Kakao Investment needed to raise funds. The method it chose was selling Dunamu shares it had been sitting on for years. South Korea’s Hana Bank, a subsidiary of Hana Financial Group, announced […] The post A Korean Bank Just Wrote a $730M Check Into Crypto. Here’s Who Got Paid appeared first on Live Bitcoin News.