• Naver Monetary will purchase Dunamu in a $10.3 billion stock-for-stock transaction.
• The merger at the moment awaits shareholder votes and key regulatory approvals.
• If profitable, Upbit’s working firm will grow to be a completely owned subsidiary of Naver in 2026.

Naver Monetary is gearing up for South Korea’s largest fintech and cryptocurrency-related merger, asserting a inventory trade plan to completely purchase Dunum, the operator of the nation’s main cryptocurrency trade Upbit.

Dunamu lately reported whole belongings of 10.4 trillion gained, capital of 4 trillion gained, gross sales development of 35% year-on-year, and web revenue of 145%, solidifying its place as one of the vital influential digital asset gamers in South Korea.

Groundbreaking inventory trade merger

Naver Monetary has confirmed that it’s going to take in Doonam by a inventory trade transaction price roughly 15.1 trillion gained (roughly $10.3 billion).

To finish the merger, the corporate will subject 87.56 million new shares to Dunamu shareholders, and as soon as the method is full, the cryptocurrency firm will grow to be a wholly-owned subsidiary, in keeping with a submitting on Wednesday.

The trade ratio was set at 2.5422618 Naver Monetary shares for every Dunamu share and was decided by an exterior discounted money movement valuation.

The efficient date of the share trade is scheduled for June 30, 2026, however shareholders are anticipated to vote on the plan sooner at a basic assembly scheduled for Could 22, 2026.

Traders who oppose the acquisition can be given the choice to train their appraisal rights at 117,780 gained per Naver Monetary share.

These rights could be exercised from Could 22 to June 11, 2026.

Nevertheless, if the full quantity requested for appraisal exceeds 1.1 trillion gained, the contract could also be canceled until each events agree to regulate the higher restrict.

Requires a number of regulatory approvals

The merger nonetheless requires approval from a number of regulators to proceed.

This transaction should move a enterprise mixture assessment by the Japan Truthful Commerce Fee and meet necessities associated to adjustments in main shareholders based mostly on the Act on the Use and Safety of Credit score Info.

Naver Monetary acknowledged in its submitting that delays stay attainable if any a part of the method stalls.

However regardless of these hurdles, each corporations appear assured within the transition.

Naver stated it plans to make use of the merger to “safe future development momentum based mostly on digital belongings.”

Though the 2 corporations haven’t but deliberate any post-merger structural adjustments, each events sit up for nearer strategic and operational cooperation.

Based on studies shared earlier this 12 months, Naver Monetary is making ready to subject a stablecoin backed by the Korean gained after the merger, however no official schedule has been disclosed.

If confirmed, the transfer could be consistent with broader adjustments in South Korea, the place main banks and policymakers are taking a extra supportive stance towards digital asset innovation.

Particularly, President Lee Jae-myung’s election marked a turning level in cryptocurrency regulation, and a number of other home banks have already introduced plans to introduce Wonpeg’s stablecoin by the tip of 2025 or early 2026.

This setting might present fertile floor for Naver to broaden its fintech capabilities and construct a digital monetary ecosystem that integrates funds, blockchain providers, and funding instruments.