Dunamu to invest $380 million over the next 5 years to nurture startups in Korea & create 10,000 jobs

Fintech and Blockchain company Dunamu, behind the successful Korean digital asset exchange Upbit, has been actively investing in startups in Korea and job creation for the last five years. The highly-valued Korean startup has announced that it will invest 500 billion won ($380 million) over the next five years.

Dunamu plans to establish regional offices in major metropolitan cities across the country, nurture promising startups in Korea, and actively create jobs for local and IT talent. The investment will create 10,000 new jobs in Seoul headquarters and regional offices.

UP Start Incubator to foster startups in Korea

Dunamu plans to create about 8,000 new jobs in Seoul and other regions by nurturing 500 promising startups by preparing ‘UP Start Incubator’ and ‘UP Start Platform’ programs.

‘UP Start Incubator’ is a program that provides consulting to early Web 3.0 startups in Korea that have difficulties in introducing technology and helps startups outside the blockchain ecosystem enter the Web 3.0 industry through professional consulting. In the case of ‘UP Start Platform,’ it goes one step further from consulting and connects startups with Dunamu subsidiaries and investment companies equipped with blockchain technology to help them grow into a global company.

This is a part of a project to increase the global competitiveness of the Korean Web 3.0 industry by hiring large-scale talents in IT, finance, digital assets, and blockchains nurtured in Korea and advancing overseas.

Since 2018, Dunamu has invested 88 billion won ($66 million) in startups in new business fields such as blockchain and fintech. It also invested 93 billion won ($70 million) through Dunamu & Partners, a subsidiary specializing in investment.

Regional offices & call centers to hire local

Dunamu wants to help decentralize sectors like IT, finance, digital assets, and blockchain experts concentrated in the Seoul center area. Through the regional base office, Dunamu plans to support the nurturing of a professional workforce at local universities and hire local young people. This will create conditions for young people to join Dunamu without leaving their local area and grow into experts in IT fields such as development and design.

Dunamu plans to establish regional offices in major cities, such as Busan, Daegu, Gwangju, and Daejeon, and operate regional counseling centers. Through this, it is expected that a total of 1,000 jobs will be created outside the metropolitan area.

In addition, Dunamu is also opening the consulting center and call centers in regional offices for users of its subsidiaries’ Upbit’ (digital asset exchange), ‘Securities Plus’ (Securities service platform), and ‘Stock Plus Unlisted’ (unlisted stock trading platform). The regional call center and counseling center will help revitalize the local economy. It will significantly enhance their convenience.

Dunamu, celebrating its 10th anniversary, announced a mid-to long-term innovative growth roadmap to grow into a ‘global comprehensive trading platform’ that encompasses stocks, digital assets, and real assets earlier this year. It is expected that about 1,000 new jobs in Seoul and other regions will be created through such active developer recruitment.

Dunamu also plans to operate a program that prioritizes hiring children who have ended protection and are to leave welfare facilities. Dunamu recently announced that it would create a Hope Fund worth 5.8 billion won to support young people from the underprivileged who have difficulty in lending in the financial sector and are exposed to the risk of multiple debts and illegal loans.

Dunamu CEO Lee Seok-woo said, “Dunamu, which has been striving to nurture talents in new business fields such as blockchain and fintech, has made continuous efforts to create jobs for youth, a national challenge. We will add strength to the strengthening of national industrial competitiveness through active investment and job creation.”

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