South Korea reviews Hana Bank’s Dunamu stake under banking rules: Report
South Korea’s FSC is reportedly reviewing Hana Bank’s $668 million Dunamu stake under “banking-commerce separation” rules that limit bank ownership tied to crypto firms.
South Korea’s financial regulator is reportedly reviewing Hana Bank’s planned $668 million purchase of a 6.55% stake in Dunamu, the operator of the largest domestic cryptocurrency exchange, Upbit.
Local outlet iNews24 cited an unnamed Financial Services Commission official to report that regulators are examining whether Hana Bank’s share purchase from Kakao Investment, rather than directly from Dunamu, falls under broader “banking-commerce separation” rules.
The official said Hana’s investment would be assessed under the same standards as a direct stake in the exchange operator.