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South Korean Internet Giant Kakao Owns 23% of Crypto Exchange Operator
Summary: The South Korean internet giant Kakao reportedly owns “around” 23% of Dunamu, the operator of the nation’s market-leading crypto exchange Upbit, per South Korean media outlets. Kakao, directly and indirectly, holds a 23% stake in Dunamu. Kakao itself owns 8.1%, while [VC arm] Kakao Ventures’ K Cube No. 1 Venture Investor Fund owns 11.7%, with ...
The South Korean internet giant Kakao reportedly owns “around” 23% of Dunamu, the operator of the nation’s market-leading crypto exchange Upbit, per South Korean media outlets.
Kakao, directly and indirectly, holds a 23% stake in Dunamu. Kakao itself owns 8.1%, while [VC arm] Kakao Ventures’ K Cube No. 1 Venture Investor Fund owns 11.7%, with the Kakao Youth Startup Fund owning 2.7%.
Kakao operates the highly successful chat app KakaoTalk, as well as the Ground X blockchain subsidiary, the Klip crypto wallet and the Klaytn blockchain network – in addition to a listed cryptoasset named klay (KLAY).
By Amy Liu
Tags: Crypto,dunamu,Kakao,South Korean,Upbit
Link: South Korean Internet Giant Kakao Owns 23% of Crypto Exchange Operator [Copy]
