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Naver Financial officially confirms merger with Upbit crypto exchange
Naver Financial, the fintech subsidiary of South Korean IT giant Naver, officially confirmed the merger with Dunamu, the operating company behind South Korea's largest cryptocurrency exchange Upbit. According to the DART electronic disclosure system under the Financial Supervisory Service, Naver Financial disclosed Wednesday that it will integrate Dunamu as its wholly-owned subsidiary to "secure future growth momentum based on digital assets." As previously reported, the merger will take place through a stock-swap transaction. The disclosure shows that the exchange ratio is 2.5422618 shares of Naver Financial ... (full story)
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