According to The Korea Times, South Korean internet giant Naver will formally confirm its plan to acquire Upbit’s parent company Dunamu at next week’s board meeting. Dunamu will also hold a board meeting on November 26 to finalize the details. Naver plans to use its fintech subsidiary, Naver Financial, for a full equity swap to acquire Dunamu, and after the integration, jointly launch a KRW stablecoin project and various digital financial services.
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