[Alpha Biz= Paul Lee] Dunamu, operator of the cryptocurrency exchange Upbit, announced that CEO Lee Seok-woo will step down in July due to personal health reasons. Lee will continue to serve as an advisor to the company.
Lee was appointed as CEO of Dunamu at the end of 2017 and led the company for eight years. He played a pivotal role in launching Upbit and growing it into the largest cryptocurrency exchange in South Korea.
Ok Kyung-seok, CEO of the apparel company FANCO, has been named as the successor. Ok graduated from Gongju High School and Korea University with a degree in Business Administration. He completed the Judicial Research and Training Institute in 2008 and has experience working as a judge at Suwon District Court and at the law firm Kim & Chang. Prior to passing the bar exam, Ok also passed the CPA exam in 2001 and worked at Samil Accounting Corporation. He joined FANCO in 2016.
Ok’s appointment will be finalized after approval at the extraordinary general meeting of shareholders and board of directors scheduled for next month on June 27. Ok stated, “In the rapidly changing digital financial environment, I will strive to balance stability and innovation to establish Dunamu as a trusted global company.”
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
