Overview

• Industry reports say Naver Financial is preparing a comprehensive share exchange that would make Dunamu a wholly owned subsidiary, with board approvals expected soon.
• Naver disclosed that talks with Dunamu include a potential stock swap, a stablecoin initiative, and unlisted share transactions, while stressing that nothing has been decided.
• Naver’s shares rose 11.4% to 254,000 won after the reports, outpacing a flat KOSPI close.
• The potential tie-up is linked by sources to plans for a won‑pegged stablecoin and deeper integration of payments and digital assets following a July partnership between Naver Pay and Dunamu.
• Upbit, operated by Dunamu, is South Korea’s largest crypto exchange and ranks among the world’s top platforms by trading volume.