Exchange News: South Korea’s Internet Giant Naver to Take Over Upbit Parent Dunamu
The post Exchange News: South Korea’s Internet Giant Naver to Take Over Upbit Parent Dunamu appeared on BitcoinEthereumNews.com.
Naver, South Korea’s internet giant, plans to acquire Upbit parent Dunamu via an equity swap, creating a “super app” and launching a KRW stablecoin. South Korean internet giant Naver will formally confirm its plan. This means acquiring Upbit’s parent company, Dunamu, at next week’s board meeting. According to The Korea Times, Dunamu also will hold a board meeting on November 26. This is to finalize the details. Naver will use its fintech subsidiary Naver Financial. This will be for a full equity swap for the purpose of acquiring Dunamu. Naver’s Strategic Acquisition to Reshape Digital Finance Landscape Following the integration, they will jointly launch a stablecoin project of KRW. They will also introduce different digital financial services. Naver is alleged to be pressing for an all-around stock swap. This is through its fintech division via its subsidiary, Naver Financial. The goal is to transform Dunamu into a 100% subsidiary. This move is focused on expanding its business in the digital finance sector. Related Reading: Crypto News: South Korean Stock Market Hits Record High as Crypto Activity Reaches Historic Low | Live Bitcoin News In detail, the two firms are anticipated to bring in a won-backed stablecoin project. This will be in addition to other digital finance initiatives. This move has the potential to transform the digital finance landscape in Korea. This will happen when the integration is complete. According to The Korea Times, South Korean internet giant Naver will formally confirm its plan to acquire Upbit’s parent company Dunamu at next week’s board meeting. Dunamu will also hold a board meeting on November 26 to finalize the details. Naver plans to use its fintech… — Wu Blockchain (@WuBlockchain) November 19, 2025 South Korean internet giant Naver is set to confirm its acquisition of Dunamu. Dunamu is the company that owns…
