Kakao to Sell 6.55% Dunamu Stake to Hana Financial for Over 1 Trillion Won

Kakao will dispose of its 6.55% stake in Dunamu to Hana Financial for 1.0033 trillion won. The transaction turns into cash a holding Kakao has kept since joining Dunamu’s seed investment round in 2013. Kakao also invested 3.3 billion won in Dunamu in 2015, and the value of the stake has since risen sharply, expanding the scale of its investment recovery to more than 1 trillion won. Through the sale, Kakao secures investment resources and gains room to use them for new businesses and financial management. The details are cited from a report by mk.co.kr.