Overview
- The companies filed on July 7 that the all‑stock share swap closing is rescheduled to December 31, 2026 and the exchange ratio remains 2.5422618 Naver Financial shares per Dunamu share.
- Completion depends on multiple approvals, notably antitrust clearance from the Korea Fair Trade Commission and authorizations tied to the Credit Information Act and the Act on Reporting and Use of Specific Financial Transaction Information.
- South Korea’s Financial Supervisory Service ordered Dunamu in April to correct omissions in its merger disclosure, an outstanding compliance issue the companies say could affect timing or completion.
- Lawmakers’ debate over the Digital Asset Basic Act creates a realistic risk that new limits on exchange ownership could force the deal to be restructured instead of leaving Dunamu wholly owned.
- The firms continue to plan joint digital‑asset projects such as the Silk Pocket stablecoin wallet and have signaled an IPO for the combined business within seven years, outcomes that investors and Upbit users will watch if regulators change the deal.