[Featured Stock] Barunson Surges on News of Investment in Cryptocurrency Exchange

[Asia Economy Reporter Ji Yeon-jin] Barunson's stock price surged after acquiring shares of Dunamu, the operator of the cryptocurrency exchange Upbit.

As of 10:12 AM on the 8th, Barunson was trading at 4,435 KRW, up 19.27% (715 KRW) compared to the previous trading day. During the session, it rose as much as 28.71% to 4,775 KRW, setting a new 52-week high.

Barunson announced that it decided to acquire 0.21% (71,429 shares) of Dunamu for 21.4 billion KRW the day before. The company explained, "Due to the dissolution of the K Cube No.1 Venture Investment Association, the assets held by the association are being distributed in kind according to our shareholding ratio."