Tiger Research Reports

Dunamu X Naver Financial: Merger Delayed

Dunamu and Naver Financial have pushed back their share‑exchange deadline from June to September after the Korea Fair Trade Commission extended its review. A Financial Supervisory Service correction order on April 3 added further regulatory uncertainty. The merger, valued at roughly $13.7 billion, would combine Upbit’s dominant crypto exchange platform with Naver Pay’s extensive payment network and AI capabilities. Dunamu’s board reiterated plans for an IPO immediately after the exchange closes, pending regulatory clearance.