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Blockchain News

Korea’s Dunamu to invest $380 million & Create 10k jobs

Major cities such as Busan, Daegu, Gwangju, and Daejeon to get new consultation centers as a medium of connection between Dunamu and their users.

Written By Richa Bhagat
Published July 13, 2022 10:42 AM·Updated 3 years ago
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Korea's Dunamu to invest $380 million & Create 10k jobs

The fintech and Blockchain giant, Dunamu, is rolling out investments over the next 5 years for startups and job creation in Korea. The investment amount is accounting upto $380 million.

Amid the current bear market and massive layoffs in the current ecosystem, it seems Dunamu is unfazed by it. As many corporations such as Coinbase, Huobi Global, Banxa, Gemini, Crypto.com, and Robinhood, are smashing down the fees of their staff.

Dunamu plans on creating regional offices across the country to create 10,000 jobs locally for talented IT people, nurturing profitable startups in Seoul headquarters and regional offices.

The startup counselling program involves ‘UP Start Incubator’, which helps in providing consultancy to early Web 3.0 startups in Korea that have difficulties in introducing technology and to help them outside the blockchain ecosystem to enter the Web 3.0 industry. On the other hand, “UP Start Platform” provides connection points between startups, Dunamu and investors.

“Dunamu will contribute to strengthening national industrial competitiveness by actively investing in new future growth industries such as blockchain and creating jobs,” said Sirgoo Lee, CEO of Dunamu.

This is a part of Dunamu’s global project to increase competitiveness around the Korean Web 3.0 industry by hiring large-scale talents in IT, finance, digital assets, and blockchains nurtured in Korea. 

Major cities such as Busan, Daegu, Gwangju, and Daejeon to get new consultation centers as a medium of connection between Dunamu and their users.

Also read: Dunamu Refutes Claims of Making Over $100 Million off of LUNA

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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