Core Viewpoint - Upbit, South Korea's largest crypto exchange, is preparing for a potential Nasdaq IPO following Naver's planned acquisition of its parent company, Dunamu, through a significant stock-swap merger [1][2]. Group 1: Merger Details - Naver Financial is set to acquire Dunamu for KRW 20 trillion (approximately $14.5 billion), making Upbit a wholly owned subsidiary of Naver [2]. - The merger is expected to be approved in upcoming board meetings, marking a significant step in the fintech and crypto sectors in Asia [1]. Group 2: Market Impact - The merger will combine Naver's fintech ecosystem with Upbit's 70% share of domestic crypto trading, creating a large-scale digital finance platform [3]. - This strategic move is anticipated to accelerate Korea's entry into US capital markets, enhancing the global presence of both companies [1][2].