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Samsung Securities to Buy 2% Stake in Dunamu for 306.3 Billion Won

Samsung Securities to Buy 2% Stake in Dunamu for 306.3 Billion Won

Samsung affiliates’ combined $408 million investment in Dunamu underscores Upbit’s market strength in South Korea and may reinforce expectations around a future public listing.

Fact Check
The Maeil Business Newspaper (MK) directly confirms Samsung Securities acquired 2.0% of Dunamu (697,487 shares) for ~306.3 billion won, matching the claim exactly. The Block independently confirms the 2% stake by Samsung Securities within a broader 4% Samsung Group acquisition. Multiple aggregators also report the 15.3 trillion won valuation implied by the per-share price. The regulatory context about Korea easing finance/virtual asset separation rules is consistent with The Block's reporting on the Digital Asset Basic Act.
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Summary

Samsung Securities, Samsung SDS, and Samsung Card are jointly acquiring a 4% stake in Dunamu, Upbit’s parent company, for about 612.8 billion won, or roughly $408 million, with Samsung Securities taking 2% and the other two affiliates 1% each. The purchase from Kakao-affiliated funds values Dunamu at about 15.3 trillion won, and closing is scheduled for June 19. According to the report, the investment could further strengthen Upbit’s dominance in South Korea’s crypto market and potentially support expectations for a Dunamu IPO. Existing reporting also states that the Samsung affiliates are pursuing separate strategic goals tied to token securities, blockchain infrastructure, digital asset services, and payments.

Terms & Concepts
  • Token securities: Digitally issued securities represented on blockchain-based systems, typically used to tokenize traditional financial assets for issuance and distribution.
  • Virtual asset services: Services tied to cryptocurrencies or other blockchain-based digital assets, including trading, custody, payments, and related financial products.
  • Won-based stablecoins: Stablecoins designed to maintain a value pegged to the South Korean won, potentially for use in digital payments and settlement.