According to TechFlow, on December 3, according to Naver, Dunamu, the operator of Upbit, plans to hold an extraordinary general meeting of shareholders on December 17 to consider the proposal to convert 300 billion won of capital reserves into retained earnings. The capital structure adjustment will take effect on December 27, which is the second large-scale adjustment after the conversion of 200 billion won of capital reserves in December 2023.

According to the electronic disclosure system of the Financial Supervisory Service of Korea, Dunamu's consolidated retained earnings reached 3.56 trillion won as of the third quarter of 2024, a year-on-year increase of 29.4%. Industry analysts believe that this move is aimed at reserving funds for the company's new business expansion and institutional transformation. The company will also amend its articles of association to allow shareholders holding more than 5% of the shares to apply to the electronic registration agency for ownership details when the equity changes.