Naver Financial-Dunamu acquisition: Naver to merge AI with fintech, focus on global expansion

Naver’s fintech arm Naver Financial’s acquisition of Dunamu, the operator of Korea’s largest cryptocurrency exchange, Upbit, signals the tech powerhouse’s aggressive push to converge artificial intelligence (AI) and blockchain-based Web3 finance to reshape the global digital finance landscape. “Naver has built and continues to build unparalleled AI capabilities for financial services, leveraging its high-quality data and technical expertise across the digital space. And Dunamu has developed competitiveness through its experience operating a world-class digital asset exchange, as well as in token economics, on-chain services and the broader Web3 sector. And now, Web3 is added to Naver’s capabilities,” Naver CEO Choi Soo-yeon said during a press conference to announce the acquisition at its headquarters in Gyeonggi Province, on Thursday. “Sharing a common vision to pursue innovation on the global stage, Naver and Dunamu aim to combine our user bases, data technology, services and capital to create a full line-up and take a bold step forward into the global Web3 market.”Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times