Upbit Operator Dunamu Reportedly to Consolidate with Naver

Group 1 - Dunamu, the operator of Upbit cryptocurrency exchange, and Naver's subsidiary are planning a consolidation into a single business group, potentially creating a new super app [1][7] - A comprehensive stock swap is being pursued, where Naver Financial will become the parent holding company and Dunamu will be a wholly-owned subsidiary [2][6] - Naver Financial and Dunamu have established separate task forces to facilitate the stock swap and are in discussions about various forms of cooperation, including stablecoin and unlisted stock trading [3][4][5] Group 2 - The stock swap will likely involve Naver Financial issuing new shares to existing Dunamu shareholders, converting them into Naver Financial shareholders [6][7] - If the consolidation is successful, Naver will control two major financial entities: Naver Financial and Upbit, enhancing its position in both traditional finance and cryptocurrency trading [7]