Samsung Units Acquire a $408 Million Stake in Upbit Operator Dunamu

Three Samsung affiliates agreed to acquire a combined four percent stake in Dunamu, the operator of Upbit, Korea’s largest crypto exchange, for $408 million, capping a May rush by Korean financial giants.

We break down the deal, the wider buying spree, and what it means for Korea’s fast-shifting digital asset market.

What does the Samsung and Dunamu deal involve?

Samsung Securities…