Multiple institutions in South Korea accelerate acquisition of equity in local cryptocurrency exchanges

According to Yonhap News Agency, South Korean financial, securities, bank card, IT, and foreign institutions are accelerating their competition for equity in local cryptocurrency exchanges. Hana Bank announced the acquisition of 6.55% equity in Upbit operator Dunamu for approximately $665 million; Samsung Securities, Samsung SDS, and Samsung Card plan to acquire a total of 4% equity in Dunamu, while Hanwha Investment&Securities will make an additional acquisition of 3.90%. Mirae Asset Consulting has decided to acquire 92.06% equity of Korbit for approximately $885 million, while Korea Investment Securities and OKX Ventures also plan to acquire approximately 20% equity of Coinone.