[Special Stock] Wemade Shares Surge on Spotlighted Hashed Investment Following Kim Yongbeom's Appointment as Policy Chief

Wemade's stock price is rising as attention is drawn to its previous investment in Hashed, the largest blockchain-focused investment firm in Korea. This is interpreted as being influenced by the appointment of a former Hashed think tank head as the first Policy Chief in the Lee Jaemyung administration.

As of 2:48 p.m. on June 9, Wemade's share price had risen by 8.35% from the previous day to 29,850 won. This is believed to be due to the appointment of Kim Yongbeom, former head of Hashed Open Research, as the inaugural Policy Chief in the Lee Jaemyung administration.

Kim is a veteran economic bureaucrat who previously served as Vice Chairman of the Financial Services Commission and as First Vice Minister of Economy and Finance during the Moon Jaein administration. Afterward, he led Hashed Open Research, the think tank of Hashed, where he emphasized the need for policies related to virtual assets, such as the legalization of stablecoins.

Meanwhile, Wemade invested in the "Hashed Venture Investment Association No. 2," a venture capital fund established in 2021 by Hashed Ventures, which was founded by Hashed.