Dunamu to Spin Off Securities Plus Unlisted… "Plans to Apply for Investment Brokerage License"

Korea Economic Daily

Summary

Dunamu announced plans to spin off Securities Plus Unlisted as a 100% subsidiary and apply for an investment brokerage license.
Dunamu reported first-quarter sales of 516.2 billion KRW and an operating profit of 396.3 billion KRW, a decrease of 31.5% and 34.8% respectively from the previous quarter.
They added that the weakened cryptocurrency investment sentiment due to the U.S. government's 'tariff bomb' impact contributed to the deterioration in performance.

Dunamu, which operates the cryptocurrency exchange Upbit, will spin off its over-the-counter trading platform for unlisted stocks, Securities Plus Unlisted. A spin-off involves separating a business to create a 100% subsidiary.

Dunamu announced on the 15th that it held a board meeting on the 12th and resolved to spin off Securities Plus Unlisted. The spin-off is scheduled to take place on July 1st. Dunamu stated, "This decision was made to obtain an investment brokerage license without being restricted by the Capital Markets Act's limitations on concurrent and ancillary business activities of financial investment businesses."

Dunamu also disclosed in its quarterly report that it recorded sales of 516.2 billion KRW and an operating profit of 396.3 billion KRW in the first quarter, a decrease of 31.5% and 34.8% respectively compared to the previous quarter. They explained that the deterioration in performance was due to the weakened cryptocurrency investment sentiment following the U.S. government's 'tariff bomb' impact.

Reporter Jinseong Kim jskim1028@hankyung.com