Dunamu Names Oh Kyung-seok New CEO – Lee Seok-woo Resigns

Blockchain and fintech leader Dunamu stands at an inflection point for a new leap forward. It has raised the flag of management innovation by appointing Oh Kyung-seok, CEO of Fanco, who possesses diverse expertise, as its next head. Oh, who will officially take office after approval at an extraordinary general meeting of shareholders on June 27th, possesses a unique career path, having served as a certified public accountant, judge, and Kim & Chang lawyer, and successfully led the apparel company Fanco. He has already demonstrated a broad vision and capability by also serving as an outside non-executive director for the fashion platform Musinsa. This appointment follows the voluntary resignation of current CEO Lee Seok-woo, who has led Dunamu since 2017. CEO Lee cited personal health reasons, along with the need for new challenges and changes for Dunamu's future, as reasons for stepping down. However, he will remain with the company as an advisor, continuing to contribute to Dunamu's development based on the insights he has accumulated. CEO Lee Seok-woo's tenure is recorded as a period of remarkable growth for Dunamu. He not only grew Upbit into South Korea's largest virtual asset exchange but also diversified its revenue models by introducing NFT businesses and staking services, and enhanced security and investor protection systems. Even amidst significant crises like the 2019 Upbit hacking and the 2022 Luna-Terra incident, he restored trust by acquiring international security certifications, and led socially responsible management by launching an ESG committee and declaring a 100 billion won investment. He also demonstrated competitiveness in the global market, solidifying Dunamu's position as a true leader. In his inauguration remarks, newly appointed CEO Oh Kyung-seok stated, "I will pursue stability and innovation in a balanced manner to help Dunamu leap forward as a more trusted global company in the rapidly changing digital financial environment." His accumulated experience in various fields such as law, accounting, and corporate management is highly anticipated to be a powerful driving force for Dunamu's next phase of growth. The industry's attention is focused on how his insights and execution capabilities, gained from spanning both the legal and business worlds, will usher in Dunamu's new era.