{"id":63596,"date":"2025-11-26T14:31:48","date_gmt":"2025-11-26T14:31:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/naver-financial-to-acquire-upbit-operator-dunamu-in-a-10-3b-stock-swap-deal\/"},"modified":"2025-11-26T14:31:48","modified_gmt":"2025-11-26T14:31:48","slug":"naver-financial-to-acquire-upbit-operator-dunamu-in-a-10-3b-stock-swap-deal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/naver-financial-to-acquire-upbit-operator-dunamu-in-a-10-3b-stock-swap-deal\/","title":{"rendered":"Naver Financial to acquire Upbit operator Dunamu in a $10.3B stock-swap deal"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/Naver-Financial-to-acquire-Upbit-operator-Dunamu-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/Naver-Financial-to-acquire-Upbit-operator-Dunamu-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/Naver-Financial-to-acquire-Upbit-operator-Dunamu-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/11\/Naver-Financial-to-acquire-Upbit-operator-Dunamu-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Naver Financial will acquire Dunamu in a $10.3B stock-swap deal.<\/li>\n<li>The merger now awaits shareholder votes and key regulatory approvals.<\/li>\n<li>If successful, Upbit\u2019s operator will become a wholly owned Naver subsidiary in 2026.<\/li>\n<\/ul>\n<p>Naver Financial has set the stage for one of South Korea\u2019s largest fintech and crypto-related mergers, unveiling a stock-swap plan to fully acquire Dunamu, the company behind the country\u2019s dominant crypto exchange, Upbit.<\/p>\n<p>Dunamu recently reported 10.4 trillion won in total assets and 4 trillion won in equity, with revenue up 35% and net profit rising 145% year-over-year, cementing its position as one of Korea\u2019s most influential digital asset players.<\/p>\n<h2>A landmark stock-swap merger<\/h2>\n<p>Naver Financial confirmed that it will absorb Dunamu through a stock-swap transaction valued at approximately 15.1 trillion won, or about $10.3 billion.<\/p>\n<p>To complete the merger, the company will issue 87.56 million new shares to Dunamu shareholders according to a <a href=\"https:\/\/dart.fss.or.kr\/dsaf001\/main.do?rcpNo=20251126800699&amp;\">filing<\/a> made on Wednesday, making the crypto firm a wholly owned subsidiary once the process is finalised.<\/p>\n<p>The exchange ratio, set at 2.5422618 Naver Financial shares for each Dunamu share, was determined through an external discounted cash-flow valuation.<\/p>\n<p>The effective stock exchange date is scheduled for June 30, 2026, though shareholders will vote on the plan earlier, at general meetings set for May 22, 2026.<\/p>\n<p>Investors who oppose the deal will have the option to exercise appraisal rights at a price of 117,780 won per Naver Financial share.<\/p>\n<p>These rights can be exercised from May 22 to June 11, 2026.<\/p>\n<p>However, the deal may be cancelled if appraisal demands exceed 1.1 trillion won combined, unless both parties agree to adjust the cap.<\/p>\n<h2>Several regulatory approvals are required<\/h2>\n<p>The merger still requires approval from multiple regulators before it can proceed.<\/p>\n<p>The deal must pass a business combination review by the Fair Trade Commission and meet requirements tied to major shareholder changes under the Act on the Use and Protection of Credit Information.<\/p>\n<p>Naver Financial acknowledged in its filings that delays remain possible if any part of the process stalls.<\/p>\n<p>But despite those hurdles, the companies appear confident about the transition.<\/p>\n<p>Naver has said it plans to use the merger to \u201csecure future growth momentum based on digital assets.\u201d<\/p>\n<p>While the firms have not yet mapped out structural changes following the merger, both sides expect closer strategic and operational cooperation.<\/p>\n<p>According to reports shared earlier this year, Naver Financial is preparing to launch a Korean won-backed stablecoin after the merger, though no official timeline has been disclosed.<\/p>\n<p>If confirmed, the move aligns with broader shifts in South Korea, where major banks and policymakers have adopted a more supportive stance toward digital asset innovation.<\/p>\n<p>Notably, the election of President Lee Jae-myung marked a turning point for <a href=\"https:\/\/coinjournal.net\/news\/south-koreas-crypto-reform-plans-offer-tax-cuts-and-funding-access-to-companies\/\">crypto regulation<\/a>, and several domestic banks have already announced plans to introduce won-pegged stablecoins by late 2025 or early 2026.<\/p>\n<p>That environment may provide Naver with fertile ground to expand its fintech capabilities and build a digital finance ecosystem that integrates payments, blockchain services, and investment tools.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/naver-financial-to-acquire-upbit-operator-dunamu-in-a-10-3b-stock-swap-deal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Naver Financial will acquire Dunamu in a $10.3B stock-swap deal. The merger now awaits shareholder votes and key regulatory approvals. If successful, Upbit\u2019s operator will become a wholly owned Naver subsidiary in 2026. Naver Financial has set the stage for one [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":63597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63596"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=63596"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/63596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/63597"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=63596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=63596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=63596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}