Dunamu, founded in 2017, is the company behind Upbit, the largest centralised cryptocurrency exchange in the Republic of Korea and the third-largest globally. Upbit commands approximately 80% market share in the RoK, serving over 6 million customers. In 2024, it recorded a trading volume of more than US$1.1 trillion and manages over US$80 billion in digital assets.

On the other hand, Hana, a major Korean financial conglomerate, is a long-term strategic partner of Military Commercial Joint Stock Bank (MB) in Vietnam. It boasts strong financial capacity and proven expertise in implementing international fintech solutions.

At the meeting, Kim Hyoung-nyon, co-founder and executive vice president of Dunamu, shared international experience in state management of digital assets, emphasising best practices in policy and regulation to ensure both innovation and security. He also expressed Dunamu’s strong interest in investing in Vietnam, particularly in the digital asset sector.

In addition, he affirmed the group’s intention to expand cooperation with Vietnamese partners, especially with the Military Commercial Joint Stock Bank.

Both Dunamu and Hana regard Vietnam as a strategic market with significant growth potential. They plan to leverage their strengths in technology and digital transformation experience to support Vietnamese partners, including financial institutions and fintech startups.

Prime Minister Pham Minh Chinh highly appreciated the financial and technological capacities of both conglomerates and welcomed their plans to invest and expand cooperation in Vietnam, particularly in digital assets, cryptocurrency, fintech, and banking.

He said the Government of Vietnam is currently developing a comprehensive legal framework and would pilot a digital asset and cryptocurrency market in the near future. He welcomed Dunamu’s willingness to actively collaborate with Vietnamese agencies and institutions to share international experience, help build the regulatory framework, train human resources, develop infrastructure, transfer technology, and operate cryptocurrency exchanges in a secure, transparent, and effective manner.

He assigned the Ministry of Finance to lead the drafting of a resolution for piloting the cryptocurrency market in Vietnam, in coordination with the State Bank of Vietnam and other relevant ministries, agencies, and localities to support Dunamu in researching and implementing investment in this sector.

RoK reaffirms Vietnam as a top priority partner in foreign policy

VOV.VN - The Republic of Korea (RoK) considers Vietnam a top priority partner in its foreign policy, said Park Chang-dal, Special Envoy of RoK President Lee Jae-myung, during his meeting with Party General Secretary To Lam in Hanoi on July 29.