Three Samsung affiliates have acquired a combined four percent stake in Dunamu, the operator of South Korea's largest crypto exchange, Upbit, for $408 million. Samsung Securities, Samsung SDS, and Samsung Card will jointly purchase 1.39 million shares from Kakao Investment, with Samsung Securities taking a 2% stake and the other two affiliates acquiring 1% each. This acquisition is part of a broader trend of Korean financial giants investing in Dunamu, following similar moves by Hana Financial Group and Hanwha Investment Securities. Dunamu, which handled two-thirds of South Korea's spot crypto trading volume last year, is a significant player in the global crypto market. The company plans to collaborate with Samsung on blockchain-based financial products and AI expansion. This investment wave comes as South Korea's financial institutions increasingly engage with the crypto market, driven by the upcoming Digital Asset Basic Act and the potential for won-pegged stablecoins and tokenized securities. Meanwhile, Kakao Investment is reducing its stake in Dunamu as the company prepares for a merger with Naver Financial.