Hana Bank Buys $672.5 Million Stake in Upbit Owner

South Korean bank Hana Bank plans to buy a $672.5 million stake in Dunamu , the operator of the Upbit cryptocurrency exchange, The Wall Street Journal reported Thursday (May 14). The planned purchase will take place June 15 and will give the bank a 6.55% stake in Dunamu, according to the report, which cited a statement from Hana Bank parent company Hana Financial Group and a regulatory filing. Hana Bank will buy the shares from Kakao , an internet company, the report said.