Unicorn startups see valuations drop due to prolonged stock

Unicorn startups see valuations drop due to prolonged stock price falls

The valuations of Korea's unicorn startups are declining rapidly, as fewer investors are parking their money into stocks amid a prolonged bear market sentiment both here and abroad. According to data from Securities Plus Unlisted, Dunamu's stock price hit an annual high of 475,000 won ($380) in January 2022, but has failed to display robust performance throughout the year. The unlisted stock was valued at 114,000 won as of Tuesday.

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