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Sep 15, 2026

Naver Financial's Dunamu acquisition faces regulatory conflict over Korean ownership rules

South Korea's proposed cryptocurrency ownership regulations could create a governance conflict for Naver Financial's planned acquisition of Upbit operator Dunamu if the company later becomes classified as a holding company, with Fair Trade Act rules clashing with proposed ownership caps.

Sep 15, 2026·2 sources
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Top claims

  • ▪Naver Financial delayed its scheduled Dunamu share swap from September 30, 2026, to December 31, 2026, and pushed its shareholder meeting to November 19, 2026.
  • ▪Naver Financial and Dunamu pledged to invest 10 trillion won ($6.8 billion) over five years into developing South Korea's artificial intelligence and blockchain technology.
  • ▪South Korea's Financial Services Commission stated on August 26, 2026, that no final major-shareholder stake cap for virtual asset exchanges has been decided.

Topics

Crypto regulationCorporate governanceCrypto & banking regulationMergers and acquisitionsCrypto exchanges

Related entities

South Korea