Naver Makes $10.3B Power Play, Buying Upbit Owner to Dominate Korea’s Crypto Future
2025-11-27
Naver Monetary, Naver’s fintech arm, will purchase Dunamu Inc., the operator of South Korea’s largest crypto alternate, Upbit, in an all-stock deal valued at about US$10.3 billion. The acquisition is geared toward securing future development engines by tightly integrating crypto and funds companies into Naver’s ecosystem, as Upbit dominates overContinue Reading