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Alert
Naver Financial to Acquire Upbit Operator Dunamu via 100% Share Swap
11/26/2025, 08:10
11/26/2025, 08:37
AI SUMMARY
●• Naver Financial confirms 100% acquisition of Upbit operator Dunamu via share swap
●• Deal values Dunamu shares at ~439,252 KRW, making it a wholly-owned subsidiary
●• Merger unites Korea's largest crypto exchange with a dominant fintech giant
Naver Financial has officially confirmed its merger with Dunamu, the operator of South Korea's largest cryptocurrency exchange, Upbit. This strategic move consolidates a major fintech player with a leading digital asset platform, potentially reshaping the financial landscape in the region. The confirmation validates earlier reports and signals a deepening integration between traditional tech giants and the crypto sector.
The acquisition is structured as a 100% share swap, effectively making Dunamu a wholly-owned subsidiary of Naver Financial. According to the announcement, the transaction values Dunamu shares at approximately 439,252 KRW. This deal is expected to leverage Naver's massive user base alongside Upbit's robust trading infrastructure to create a dominant financial service suite in Asia.
[Update 1] New details confirm the mechanics of the deal as a 100% share swap, with Dunamu shares valued at ~439,252 KRW, fully integrating the exchange operator into Naver's fintech ecosystem.