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Woori Technology Investment plans to sell its stake in Upbit operator Dunamu

According to Bloter, South Korean venture capital firm Woori Technology Investment intends to sell its 7.22% stake in Upbit operator Dunamu after holding it for nine years. According to the third quarter report of Dunamu, a data analytics, retrieval and transmission system (DART) filed with the Financial Services Regulatory Authority (FSS), the stake is valued at about $300.88 million, while its acquisition cost in 2015 was only $3.89 million. The sale is expected to take place through block trade.