Overview
- Naver Financial’s board cleared an all-stock acquisition of Dunamu with an exchange ratio of 2.54 Naver Financial shares per Dunamu share, making the Upbit operator a wholly owned subsidiary once completed.
- Shareholder votes are slated for May 22, 2026 with a targeted effective date of June 30, 2026, according to company filings and local reports.
- The transaction requires reviews by the Fair Trade Commission and financial regulators, with scrutiny expected on market concentration, consumer impact, and systemic risk.
- Company briefings and prior disclosures point to a won‑backed stablecoin plan using Naver Pay, Dunamu’s GIWA layer‑2, and wallet projects such as Silk Pocket and a Busan pilot.
- Multiple outlets report the merged business is expected to pursue a Nasdaq listing after completion, with timing dependent on approvals and market conditions.