Dunamu, the first blockchain and fintech company among Korean companies, announced on the 22nd that it had donated 1 billion won to the United Nations World Food Program to provide food for Ukrainian residents.
Dunamu is the first Korean company to donate to WFPs emergency relief efforts in Ukraine. The donation of 1 billion won is enough to provide one days food to more than 1.6 million local and refugees in Ukraine.
Dunamu CEO Lee Seok-woo and WFP Director of Private Cooperation and Fund Raising Tim Hunter held a donation ceremony for food support for Ukrainian residents on the 21st.
WFP is raising $590 million worldwide to help 3.15 million people in Ukraine over the next four months. Lee Seok-woo, CEO of Dunamu, said, “I decided to donate food after hearing the news that the WFP was trying to help the people of Ukraine who are struggling with the conflict.”
Tim Hunter, WFPs Director of Private Cooperation and Fundraising, said, “At the non-face-to-face donation ceremony, I was concerned that the crisis in Ukraine, which accounts for a significant portion of the worlds wheat and corn production, would spread to Europe, Africa and the Middle East. I am very grateful for the appropriate support.”
Meanwhile, 902 Upbit members also donated 160 million won worth of cryptocurrency to Ukraine. Dunamu plans to refund donation-related withdrawal fees to members within this month and provide non-fungible tokens to prove future donations.