Naver Financial to acquire crypto exchange operator Dunamu as wholly owned subsidiary

Naver Financial, the fintech subsidiary of Korea's leading portal operator Naver, on Wednesday decided to acquire Dunamu, the operator of the country's largest cryptocurrency exchange Upbit, as a wholly owned subsidiary, the company said. Naver Financial's decision to acquire Dunamu in a share-swap deal was approved at a board meeting, the company said in a regulatory filing. Each Dunamu share will be exchanged at 2.54 shares in Naver Financial. Once completed, the deal will place Dunamu under Naver Financial, positioning Naver to expand its portfolio into digital finance and strengthen its foothold in the fast-growing blockchain-based services sector. The companies are expected to seek shareholder approval before formally initiating integration procedures.Weiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times