Naver to confirm plan to acquire leading crypto exchange operator Dunamu at board meeting next week: sources

Naver is expected to confirm its plan to acquire Dunamu, the operator of Korea's largest cryptocurrency exchange, Upbit, at its board meeting planned for next week, industry sources said Wednesday. Dunamu also plans to hold a board meeting on Nov. 26 to confirm the details of the plan, according to the sources familiar with the matter. Naver is said to be pushing for a comprehensive stock swap through its fintech subsidiary, Naver Financial, to make Dunamu a wholly owned subsidiary, a move aimed at expanding its business in the digital finance sector. In detail, the two firms are expected to launch a won-backed stablecoin project, along with other digital finance initiatives, a move that could reshape Korea's digital finance landscape, once the integration is finalized. After the two companies confirm the plan at their respective board meetings next week, they must get an approval at a shareholders' meeting to officially start integration procedures. Once the acquisition is finalized, Naver Financial's largest shareholder will likely become Dunamu Chairman Song Chi-hyung, with Naver as thWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times