FSC reviewing Hana Bank's Dunamu stake over banking separation rules

South Korea's Financial Services Commission (FSC) is reviewing whether Hana Bank's acquisition of a stake in Dunamu violates the country's rules on the separation of banking and commerce, iNews24 reported on May 18. An official from the FSC's Virtual Asset Division stated that the agency is not directly moving to relax these regulations. The official also noted that even though Hana Bank opted to acquire shares in Kakao Investment rather than directly in Dunamu, the deal is being treated as a substantive investment in Dunamu and is therefore subject to the same standards.