Dunamu, the operator of the virtual asset exchange Upbit, moved to revamp its board by introducing an outside director system for the first time in four years.

On the 22nd, according to the virtual asset industry, Dunamu recently named former Financial Services Commission Vice Chairman Do Gyu-sang and Seoul National University computer engineering professor Lee Sang-gu as candidates for the next outside directors.

A view of Upbit, the virtual asset exchange operated by Dunamu./Courtesy of Dunamu

The former vice chairman Do is a former economic bureaucrat who served as director general of financial policy at the Financial Services Commission and as secretary for economic policy at the presidential office, and then as vice chairman of the Financial Services Commission from Nov. 2020 to May 2022. Do was also mentioned as a candidate for Financial Services Commission chair when the Lee Jae-myung administration launched.

Professor Lee heads the Human Twin Intelligence Research Center at the Artificial Intelligence (AI) Institute at Seoul National University. An academic expert active in AI and data analysis, Lee has worked in the field for years. The agenda item to appoint these outside directors is expected to be finalized at an upcoming extraordinary shareholders meeting.

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