Dunamu's H1 Operating Profit Hits 549.1 Billion Won, Up 11%

Dunamu Announces Strong H1 2024 Performance…Proving Growth Amidst Virtual Asset Market Recovery Dunamu, which operates the virtual asset exchange Upbit, has garnered market attention by recording stable growth in the first half of 2024. According to the Financial Supervisory Service's Electronic Disclosure System, Dunamu achieved 801.9 billion won in revenue this past first half, a 1.8% increase compared to the same period last year. Notably, the company achieved remarkable growth in profitability indicators. Operating profit recorded 549.1 billion won, an 11% increase from 494.7 billion won in the same period last year. Net income also rose by 4.9% to 418.2 billion won, up from 398.5 billion won in the first half of last year. This suggests that Dunamu's financial soundness and profit-generating capabilities have been strengthened. The industry attributes the gradual recovery of the virtual asset market as a primary reason for this performance improvement. Furthermore, it is analyzed that the increased overall market confidence, driven by active global discussions on virtual asset regulations like the U.S. GENIUS Act, positively impacted Dunamu's performance. It is believed that the expectation of resolving regulatory uncertainties contributed to restoring investment sentiment. Established in 2012, Dunamu has solidified its position by successfully operating various financial services, including Securities Plus, in addition to Upbit. The company has emphasized prioritizing the creation of a secure trading environment and investor protection since the early stages of its services. This principle continues to shine even within the recently strengthened regulatory environment. Dunamu is strictly complying with the legal standards of the Virtual Asset User Protection Act, which came into effect in July 2024, and is continuously enhancing its internal systems for preventing unfair trading and protecting investors. This is part of its efforts to provide an environment where investors can confidently participate in virtual asset transactions. Meanwhile, Dunamu is classified as a legal entity subject to external audits with 500 or more owners per security, and thus has been obligated to disclose business reports, quarterly reports, and semi-annual reports since 2022, providing transparent management information. The release of this semi-annual report is also expected to contribute to enhancing market confidence.