Samsung units spend $408M to acquire 4% of Upbit parent Dunamu, signaling bigger crypto push

Three Samsung units agreed to acquire a 4% stake in Dunamu, the parent company of South Korea’s largest crypto exchange Upbit, for about $408 million; Samsung Securities is set to take a 2% stake as part of the transaction ^{[1] [2] [3]}.

Reports say the shares are being bought from affiliates of Kakao, and Samsung Securities approved its portion of the investment through a board resolution, formalising its entry into Dunamu’s shareholder base ^{[3] [4]}.

Market coverage frames the $408 million investment as part of a broader move by Korean banks and tech firms to position for new digital-asset rules and to build footholds in the country’s expanding crypto market ^{[1] [5]}.

The transaction gives Samsung a material ownership stake in the Upbit parent and is described by observers as a strategic step into Korea’s digital-asset ecosystem ^{[2] [5]}.