South Korea’s Financial Services Commission is examining whether Hana Bank’s planned purchase of a 6.55% stake in Dunamu from Kakao Investment for about 1 trillion won ($669 million) violates long-standing rules separating financial institutions from the digital asset sector. The regulator indicated that acquiring Kakao Investment’s position rather than directly buying Dunamu shares will still be reviewed as a crypto-sector investment under the same standard. The scrutiny comes as South Korea maintains a strict regulatory stance shaped by exchange compliance failures, and as other financial groups have used more cautious structures for similar deals. The update also adds business context for Dunamu: the company reported first-quarter consolidated revenue of 234.6 billion won ($156 million), down 55% year over year, and operating profit of 88 billion won ($60 million), down 78%, while client deposits fell 11% from December 2025 to about 5.199 trillion won ($3.4 billion) at the end of March. Further pressure may come from a confirmed 22% tax on annual digital asset gains above 2.5 million won, scheduled to take effect on January 1, 2027.