Former FSC Vice Chairman Doh Kyu-sang Joins Dunamu Board

Former Financial Services Commission Vice Chairman Doh Kyu-sang will join the board of Dunamu, the operator of Upbit, South Korea’s largest cryptocurrency exchange.

Dunamu held an extraordinary shareholders’ meeting in Seoul’s Gangnam district on May 28 and approved agenda items including the appointment of inside and outside directors, industry officials said. Dunamu Chief Executive Officer Oh Kyung-seok and Chief Financial Officer Nam Seung-hyun were among those in attendance.

The company appointed Doh and Lee Sang-koo, a professor in the Department of Computer Science and Engineering at Seoul National University, as outside directors. Their terms will run through March 31, 2029.

Doh joined the government through South Korea’s 34th civil service examination and later served as FSC vice chairman and chairman of the Securities and Futures Commission. He is currently head of the Global Financial Strategy Institute at Kim & Chang. Lee previously served as chairman of the review committee at Samsung Electronics’ Future Technology Incubation Center.

Park Hyun-joong, Dunamu’s head of global partnerships, was newly appointed as an inside director. His term will also run through March 31, 2029.

The board also approved a plan to hold and dispose of treasury shares. Dunamu plans to grant as many as 170,000 of the 546,564 treasury shares it currently holds to employees as compensation by next year’s annual shareholders’ meeting.