Korea's FSC Reviewing Hana Bank's $668M Bid for 6.55% Stake in Upbit Operator Dunamu

South Korea's FSC is reviewing Hana Bank's $668 million purchase of a 6.55% stake in Dunamu, the operator of Upbit exchange. The regulator is analyzing whether the operation, executed through Kakao Investment rather than directly, falls under banking-commerce separation rules. Major financial groups are beginning to seek a presence in the Korean crypto market.