South Korea’s Largest Internet Portal Naver Plans Merger with Dunamu to Launch Won-Backed Stablecoin and Crypto Services
Naver plans to acquire Dunamu, the operator of South Korea’s largest crypto exchange Upbit, through a stock swap, making Dunamu a wholly owned subsidiary. The merger could create a single digital finance platform combining payments, crypto trading, and blockchain services, while Dunamu’s management becomes the dominant voice in the combined company.
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