In brief
- Naver Financial is acquiring Dunamu—operator of Upbit—in a $10.29 billion all-stock deal that will make Dunamu’s leaders the largest shareholders in Naver.
- The merger keeps both companies’ businesses running while they explore restructuring and jointly pursue growth, with stablecoin initiatives at the center of their plans.
- The deal now awaits approval from South Korea’s Fair Trade Commission.
South Korea’s largest crypto exchange is officially getting acquired—pending regulator approval—by one of the country’s top tech giants.
Naver Financial agreed Wednesday to absorb Dunamu, operator of crypto exchange Upbit, in an all-stock deal valued at $10.29 billion. According to a related filing, the deal will see…
Nov 26 2025
