Amid South Korea’s push to formalize its cryptocurrency regulatory framework, a major corporate consolidation is underway.
Internet giant Naver is set to bring crypto exchange Upbit completely under its wing through a share swap via its financial arm. This strategic absorption highlights how major traditional tech corporations are deepening their stakes in the digital asset space as regulations become clearer.
The deal, which would see Dunamu become a subsidiary of Naver Financial, aligns with national efforts to strengthen the local crypto sector and monetary sovereignty.
