South Korea’s $13.8B Fintech Consolidation Connects Conventional Finance with Crypto, Aiming for Worldwide Leadership
- South Korea's Dunamu merges with Naver to form a $13.8B fintech entity, combining blockchain and payments expertise for global crypto expansion. - The stock-swap deal reduces Naver's ownership to 17% while retaining operational control through voting rights, addressing shareholder concerns. - Regulators assess the merger's compliance with anti-money laundering rules and market competition risks amid South Korea's evolving crypto regulations. - A potential 2026 Nasdaq IPO could capitalize on strong earnin
Dunamu, the parent company of South Korea’s Upbit, is gearing up for a Nasdaq debut after its upcoming merger with tech powerhouse Naver. This move is set to help the firm access U.S. capital markets and strengthen its leadership in the digital asset industry. The merger,
The deal will be executed through a stock swap,
This strategic step coincides with South Korea’s changing regulatory environment, where
The combined company could pursue a Nasdaq IPO as soon as 2026, leveraging its robust financials and Naver’s international reputation. Dunamu’s
There are still regulatory obstacles, with
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