Dunamu, which operates South Korea's biggest cryptocurrency exchange, Upbit, is set to invest KRW100bn ($92.5m) in blockchain start-ups. The investment will be used for the development of a new digital currency called "bitcoin", according to Yonhap news agency.
Dunamu, which operates South Korea's biggest cryptocurrency exchange, Upbit, is set to invest KRW100bn ($92.5m) in blockchain start-ups. Partnering with mobile messaging giant Kakao, Dunamu said it will seek out firms working on projects that can be integrated with blockchain, including artificial intelligence, fintech and data analytics.