Dunamu, which operates the core subsidiary 'Securities Plus Unlisted', received fines for failing to comply with the conditions for innovative financial services.
On the 19th, the Financial Supervisory Service announced that it imposed fines of 24 million won on Dunamu the previous day. Dunamu was found to have not complied with the changes made to its designation as an innovative financial service in March 2022 and June 2023 related to Securities Plus Unlisted.
Securities Plus Unlisted is a trading platform for unlisted stocks launched by Dunamu in November 2019, and was designated as an innovative financial service by the Financial Services Commission in April 2020. The designation for Securities Plus Unlisted was extended under conditions to enhance investor protection, such as preventing general investors from purchasing additional specialized stocks as of March 2022.
However, the company did not comply with the investor protection plan, allowing general investors who already held specialized stocks to purchase additional specialized stocks from July 2022 to September 2024. Additionally, the content of the innovative financial service was changed in June 2023 by adding Company A as a related securities firm, but it did not report related inspection details to the FSS until just before the system was launched on the 27th of last month.
Dunamu, the operator of the virtual asset exchange Upbit, recently received an additional tax bill totaling 22.635 billion won, including corporate tax, as a result of an audit by the Seoul Regional Tax Service. In addition, it is also involved in litigation concerning sanctions such as warnings against CEO Lee Seok-woo of the Financial Intelligence Unit (FIU) under the Financial Services Commission and the dismissal of the compliance officer.