South Korean venture capital firm, Woori Technology Investment, is planning to sell its nine-year stake in Dunamu, the parent company of crypto exchange Upbit. The sale price has not been disclosed, but it is expected to exceed the current market value of shares and yield a return of around 100 times or more. Woori holds a 7.22% stake in Dunamu, valued at about 425.3 billion KRW ($300.7 million). The firm is considering attracting international investors due to regulatory restrictions in raising funds domestically. The decision to sell comes after a failed coup attempt in South Korea.



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