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Naver Unveils Plan to Acquire South Korea's Premier Cryptocurrency Exchange, Upbit
2025-11-26 /
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Author：小编
On Wednesday, Naver Financial, the fintech arm of South Korea's foremost portal website operator, Naver, declared its intention to acquire Dunamu Inc. — the entity behind South Korea's largest cryptocurrency exchange, Upbit — via a share swap arrangement. This strategic move will transform Upbit into a wholly-owned subsidiary of Naver Financial. In a regulatory disclosure, Naver Financial elaborated that its board of directors had given the green light to the acquisition, specifying that each Dunamu share will be converted into 2.54 Naver Financial shares.
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