“Blockchain is a promising technology having a good chance like the internet. In view of how such internet service providers as Google, Amazon and Yahoo had grown, blockchain protocols will show similar value rise too. Dunamu & Partners aims to sort out projects with strong growth potential and implement investments so that they can grow.”

Lee Kang-joon, CEO of Dunamu & Partners, made the remarks during his lecture under the theme of “The future of blockchain technology from the perspective of investors” at the Dunamu Developer Conference 2018 held in the southern island of Jeju Friday. Dunamu & Partners is the investment arm of Dunamu, the operator of local cryptocurrency exchange Upbit.

As blockchain segments to be in the spotlight in the near future, he cited games, social and sharing services, payment and tokenization of assets and explained about blockchain projects in which his company invested on the basis of these standards. Lee exemplified Luniverse, Kodebox and Allbit as blockchain solution projects to help provide services.

With regard to the investment difference between existing and blockchain industries, he said, “Conventional venture capital used to look at results when judging the corporate value,” adding that “because ICO (initial coin offering) projects go on after a single evaluation of the value, we often have difficulty from the fact that the evaluation time is different.” Yet he said, “The basic point of view in investment is not much different. You have to make an investment suitable for the value rise, trusting the possibility in the market.”

Having worked at SoftBank until 2015, Lee has been in charge of investing in venture and growth companies at home and abroad, including Korbit and CrossCert. He is currently with Dunamu, specializing in investment in blockchain startups.

/Eundong Shin Reporter edshin@decenter.kr

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edshin@decenter.kr