From Payments to Crypto: How Naver – Upbit Integration Positions Korea in the Global Stablecoin Race – KoreaTechDesk
Korea’s fintech and crypto ecosystems are converging at an unprecedented scale. Naver’s move to integrate Upbit, the nation’s largest virtual asset exchange, under Naver Financial is more than a corporate deal. This Naver – Upbit deal marks Korea’s entry into the global stablecoin race, raising speculations about how digital finance, regulation, and startup investment will evolve in the coming decade.
Naver Moves to Acquire Upbit Through Stock Swap
Naver confirmed plans to fully incorporate Dunamu, the operator of Upbit, via a comprehensive stock swap handled through its fintech subsidiary, Naver Financial. Both companies are expected to convene board meetings soon to approve the exchange.
Once completed,…
