company

Upbit

Upbit is a South Korean cryptocurrency exchange founded in 2017. It is operated by Dunamu. Upbit was the first cryptocurrency exchange licensed under South Korea's new virtual asset regulations.

upbit.com

CEO of Dunamu, the operator of Upbit, since July 1, 2025

Oh Kyoung-suk

Key facts

Launch: Launched in South Korea on October 24, 2017source
Licensing: First cryptocurrency exchange licensed under the new regulations, which began in September 2021source
Hack: 342,000 Ethereum tokens stolen in November 2019source
Naver Financial plan: In November 2025, Naver Financial announced its plan to acquire Dunamu, the parent company of Upbitsource
Dunamu CEO: Oh Kyoung-suk assumed the role of CEO effective July 1, 2025, succeeding Lee Sirgoosource

WYDE coverage of Upbit

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Sources

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