TechFlow news, December 3 — According to Naver, Upbit operator Dunamu plans to hold an extraordinary shareholders' meeting on December 17 to review a proposal to convert 3 trillion KRW of capital reserves into retained earnings. This capital restructuring will take effect on December 27, marking the second major adjustment following the conversion of 2 trillion KRW in capital reserves in December 2023.
Data from the Financial Supervisory Service's electronic disclosure system shows that as of Q3 2024, Dunamu's consolidated retained earnings reached 35.6 trillion KRW, up 29.4% year-on-year. Industry analysts suggest the move aims to secure funding for new business expansion and institutional transformation. The company also plans to amend its articles of incorporation to allow shareholders holding more than 5% of shares to request ownership details from electronic depository institutions upon equity changes.
