Upbit Partners with Credit Recovery Committee and Together Making the World to Support Financially Vulnerable Groups' Credit Recovery

Dunamu, which operates the virtual asset exchange Upbit, is supporting the recovery of financially vulnerable groups in partnership with the Credit Recovery Committee and Together Making the World.

On the 30th of last month, at the 'Upbit Next Series: Didim' agreement ceremony held by the Credit Recovery Committee, (from left) Oh Kyung-seok, CEO of Dunamu, Kim Eun-kyung, Chairperson of the Credit Recovery Committee, and Kim Yong-duk, Chairman of Together Making the World, are taking a photo. Dunamu

On July 1, Dunamu announced that it had signed a Financial business agreement (MOU) with the Credit Recovery Committee and Together Making the World for the integrated recovery support project for financially vulnerable groups, called 'Upbit Next Series: Didim'.

The Upbit Next Series is Dunamu’s flagship ESG project, promoted under the motto of "Finance that Empowers Youth." Since 2022, Dunamu has provided debt repayment assistance and tailored consulting to 2,500 young people through this initiative.

This project, which will be carried out over three years starting this year, will support up to 2,100 individuals, providing up to 3 million won per person for debt repayment, 1.5 million won for living expenses, and 3 million won in interest-free loans. Tailored consulting will also be provided. The aim is to help participants break the vicious cycle of debt.

As funding for the program, Dunamu will donate a total of 4.5 billion won worth of Bitcoin over three years, at 1.5 billion won annually, to Together Making the World. The Credit Recovery Committee will be responsible for business consulting and promotional cooperation, while Together Making the World will manage the project.

Oh Kyungseok, CEO of Dunamu, stated, "We will do our utmost to ensure that the financially vulnerable can once again stand proudly as members of our society, not just by providing one-time economic support, but by building a healthy, virtuous financial ecosystem."

This content was produced with the assistance of AI translation services.