Dunamu, a major fintech firm in South Korea that operates crypto exchange Upbit and several other blockchain and securities platforms, is planning to invest 500 billion won to create about 10,000 new Web3 jobs in the next five years.
The firm is reportedly considering offering specific software and funding to encourage more firms to join the Web3 industry. The $380 million investment is a part of Korea’s efforts to lead the Web3 race,Dunamu has already invested about 88 billion won since 2018 toward blockchain-centered firms. Dunamu CEO Lee Sirgoo said in a statement:
“We plan to strengthen the competitiveness of domestic industry through an active investment and creation of jobs of the newly growing future industries, like blockchain, nonfungible token and the metaverse.” The fintech giant aims to open offices in major cities across the country and develop training programs to induct new people into the Web3 ecosystem. The newly graduated university students would be given priority in the program with a plan to create 500 new startups. Dunamu didn't immediately respond to Cointelegraph's request for comment.
Dunamu’s announcement to invest significantly in the Web3 ecosystem comes just months after it came under heavy scrutiny from the country’s regulators. Earlier in April this year, the securities regulator took action against the crypto exchange operator to
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