Naver Financial Moves to Acquire Dunamu as Upbit Dominates Korea

[madtrader]

Naver Financial — the fintech arm of South Korea’s largest internet giant — is preparing to acquire Dunamu via a share swap, bringing the Upbit operator in as a full subsidiary.
The move comes as Upbit remains South Korea’s largest crypto exchange by trading volume and customer base.
Dunamu, under increased reporting scrutiny since 2022 due to its shareholder base, is expected to gain expanded capabilities and resources through the Naver acquisition.

[Nahid Hossen]

A major acquisition like this could reshape Korea’s crypto ecosystem.

[EmTeam]

Upbit’s dominance shows how fast traditional firms are adapting to the crypto wave.