Naver Financial has agreed to acquire Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, in an all-stock transaction valued at 15.13 trillion won ($10.27 billion). The company disclosed the deal in a regulatory filing, describing it as a strategic move to anchor long-term growth in the expanding digital-asset economy. It is one of Asia’s largest technology acquisitions this year.
The combination brings together Naver’s dominant payment ecosystem and Dunamu’s leading position in crypto trading and blockchain services. Analysts say the deal could accelerate the integration of digital assets into mainstream financial products, including payments, wealth management, and merchant services.
Market observers note that the acquisition places Naver at the forefront of Korea’s digital-finance transformation as regulators refine rules around crypto infrastructure. The all-stock structure also signals confidence in the sector’s long-term trajectory despite recent market volatility.
