Dunamu Inc.
Scope
Date
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Corporate strategy
Korea Inc. accumulates cash as economic downturn deepens
South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...
Nov 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Foreign PE firms on hunt for Korea Inc. with strong dollar
Foreign private equity firms have taken advantage of the strong dollar to dominate corporate acquisition deals in South Korea, adding to expectation...
Nov 01, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Firm dollar deters Korea Inc.’s overseas acquisition deals
The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...
Oct 13, 2022 (Gmt+09:00)
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Corporate investment
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
Aug 18, 2022 (Gmt+09:00)
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Corporate restructuring
Korea Inc. rushes to cut debt as interest rates surge
South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...
Aug 10, 2022 (Gmt+09:00)
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Korean startups
Dunamu to nurture 500 Korean startups to create jobs
Dunamu, the operator of South Kora’s largest cryptocurrency exchange Upbit, has launched two programs to support 500 startups over the next fi...
Jul 12, 2022 (Gmt+09:00)
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Korean startups
Korean startups turn to restructuring amid liquidity concerns
Hit by shrinking liquidity around the globe, startups in South Korea are coming up with different ways to cut costs, most notably in human resources...
Jul 11, 2022 (Gmt+09:00)
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Economy
Korea Inc. hit by rising commodity prices, weak won, supply crisis
South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...
Jun 15, 2022 (Gmt+09:00)
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Carbon neutrality
SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz
SK Group, South Korea’s No. 2 conglomerate, joined hands with TerraPower, an advanced nuclear power venture founded by billionaire Bill Gates,...
May 18, 2022 (Gmt+09:00)
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Business & Politics
SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate
SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...
Apr 28, 2022 (Gmt+09:00)
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Electric vehicles
SK buys power semiconductor maker for EV chip business
SK Group, South Korea’s third-largest conglomerate, has geared up its electric vehicle chip business development with the acquisition of a loc...
Apr 27, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator Klim Ventures secures $4 mn in bridge capital
South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...
Apr 26, 2022 (Gmt+09:00)
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Artificial intelligence
CJ integrates AI infrastructure and data to launch CJ AI center
CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...
Apr 21, 2022 (Gmt+09:00)
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Shareholder activism
US hedge fund urges SK to focus on share buybacks
US hedge fund Dalton Investments LLC has urged SK Inc., the holding company of South Korea’s SK Group, to focus more on share buybacks and can...
Apr 08, 2022 (Gmt+09:00)
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War in Ukraine
Korea Inc. in dilemma over Russia biz amid Ukraine war
South Korea’s major companies are in a sticky situation over their businesses in Russia following its invasion of Ukraine. Governments in the ...
Mar 08, 2022 (Gmt+09:00)
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War in Ukraine
Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook
South Korean companies had dreamed of a post-COVID-19 earnings recovery as the globe geared up for economic reopening. But their hopes are now dampe...
Feb 25, 2022 (Gmt+09:00)
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Economy
Korea Inc. revises business plans as rising oil prices hit economy
South Korean companies are revising their business plans for this year as soaring oil prices slam Asia’s fourth-largest economy. Inflation is ...
Feb 21, 2022 (Gmt+09:00)
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Shareholder value
Tighter rules on business split-ups may benefit SK Inc.
As South Korean securities regulators are moving to tighten their grip on the growing trend of splitting up businesses and listing the spun-off arms...
Jan 11, 2022 (Gmt+09:00)
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CES 2022
Convergence, metaverse, green: Korea Inc.’s themes at CES 2022
South Korea’s major companies are showcasing robots, mobility and the metaverse rather than cutting-edge models of their conventional products...
Jan 04, 2022 (Gmt+09:00)
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Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space
Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...
Dec 16, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu boasts accumulated Q3 net profit of $1.7 bn, vows to go global
Dunamu Inc., the operator of Korea’s largest cryptocurrency exchange Upbit, has announced that its accumulated third-quarter net profit came i...
Dec 15, 2021 (Gmt+09:00)
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Artificial intelligence
Ex-quant developer on a mission to save traders' microseconds
A Korean startup about a year old has succeeded in creating a microchip that speeds up trading by a few microseconds -- a huge difference in the w...
Dec 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea Inc 2021: Year of record M&As, tie-ups and spin-offs
South Korea’s corporate sector has seen record deals through mergers and acquisitions, tie-ups and spin-offs this year, as big companies and s...
Dec 03, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...
Nov 23, 2021 (Gmt+09:00)
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Supply chain
Korea Inc. braces for rising costs, supply chain risks, volatile FX
Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...
Nov 22, 2021 (Gmt+09:00)
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Entertainment
HYBE, Korea cryptocurrency exchange operator to co-launch BTS NFTs
HYBE Co., the label behind BTS, is expected to launch non-fungible tokens (NFTs) for assets of the world’s top boy band alongside the operator...
Nov 04, 2021 (Gmt+09:00)
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Battery materials
SK Inc. to invest $102 million in China’s copper foil firm Lingbao Wason
SK Inc., the holding and investment company of South Korea’s SK Group, plans to invest 120 billion won ($102 million) in China’s Lingbao...
Oct 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea Inc emerges as big buyer in global M&A market
South Korean companies are emerging as big buyers in the global mergers and acquisitions (M&A) markets. They are actively looking for future gro...
Oct 05, 2021 (Gmt+09:00)
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Alternative food
SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day
SK Inc., the investment arm of South Korean conglomerate SK Group, and private equity firm STIC Investment Inc., have invested a combined 65 billion...
Oct 01, 2021 (Gmt+09:00)
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Cryptocurrencies
Korea’s top cryptocurrency exchange operator becomes decacorn
Dunamu Inc., the operator of South Korea’s top cryptocurrency exchange Upbit, became a decacorn, a company valued at over $10 billion.Dunamu h...
Sep 23, 2021 (Gmt+09:00)
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