Korean Fintech giant to create Web3 jobs

A large fintech company in South Korea has decided to 380 million dollars in an attempt to create approximately 10,000 web3 jobs for the next five years. It also plans on opening offices globally where the locals will go to get crypto investment ideas from professionals.

The firm known as Dunamu has decided to offer specific software and investments as incentives for more firms to join. The above steps are to encourage more firms to enter the Web3 industry. These are statements reported by Korea JoonAng Daily.

Web 3.0 is the third generation of the internet where websites and applications are designed to process information in a smart human like way

Dunamu

The giant is planning on opening offices in all major cities and also develop startups. The offices will help the locals consult on their crypto investments thus widening the market even further.

For jobs, recent graduates will be prioritized and get an opportunity to be trained in IT.

In addition to that, the startups will not only be in Korea but they will also be branched out overseas but connected through subsidiaries of Dunamu. All the above efforts are in an attempt to raise Korea’s competitiveness in Web 3.0.

The company was founded in 2012 and since 2018 it has invested 88 billion won in blockchain and fintech startups.

A few months earlier the company was under scrutiny due to its monopolistic market. And the huge investment might be a result of the country’s regulator scrutiny.

Dunamu continously tries to generate jobsfor the youth. We plan to strengthen the competitiveness of domestic industry through an active investment and creation of jobs of the newly growing future industries like blockchain, Non Fungible Token(NFT) and Metaverse.

Lee Sirgoo Dunamu’s CEO

The giant manages over $8 billion in assets and Upbit (the crypto exchange it runs)

The announcement has come when several firms have announced job cut-offs. Other firms such as Gemini, Coinbase and Bitso have laid off some of their workers due to the bear market.

Despite the current market situation, South Korea has been enjoying a bullish market on the Web3 front. Its government recently announced that it will invest 177.1 million dollars in metaverse projects.