Overview

• Industry reports say a comprehensive share exchange is being prepared that would make Dunamu a wholly owned subsidiary of Naver Financial, though no binding agreement has been reached.
• Naver’s disclosure says its fintech arm is discussing a stock swap, a won‑pegged stablecoin initiative, and unlisted stock trading with Dunamu and will re‑disclose details within a month.
• Both companies have formed internal task forces, and sources expect board meetings soon to consider the stock‑swap proposal.
• If executed as reported, Naver Financial would issue new shares to Dunamu stakeholders, converting them into Naver Financial shareholders and integrating Upbit into Naver’s financial ecosystem.
• Markets reacted to the reports with Naver shares closing up 11.4 percent, while Dunamu’s over‑the‑counter price fell, reflecting expectations for a combined payments‑crypto strategy building on their July stablecoin partnership and Naver’s recent Ustockplus stake.