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South Korea’s Naver to acquire Upbit operator Dumamu via stock swap – TON BOT

South Korea’s Naver to acquire Upbit operator Dumamu via stock swap

Naver Financial plans to acquire Dunamu through a stock swap, making it the owner of Upbit. This merger will create a super app combining Naver Pay and Upbit’s services. The companies have a history of collaboration and are now focusing on launching a Korean won-backed stablecoin to dominate the domestic market.


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