Naver Financial, the fintech arm of the largest search engine in South Korea, weighs a potential share-swap agreement with Dunamu, the Upbit operator.
Earlier today, reports from local points of sale suggested that the conversations had already been implemented to the merged area, but the regulatory authorities of NAVER submit clarifies that no binding terms have been confirmed.
The disclosure, submitted to the financial supervisory service, acknowledged that afterwards and Dunamu investigate several forms of cooperation. These include a potential stock exchange, a won Stablecoin project and non-mentioned stock trading services.
The CFO of Naver, Hee Cheol Kim,, however, emphasized that concrete details will be announced within a month or once a formal agreement has been reached.
Potential benefits for the Crypto Ecosystem of Zuid -Korea
A report Van Tiger Research suggests that every agreement between retirement and Dunamu would reform the Crypto economy of South Korea.
It noticed:
“This deal looks like a scenario in which Google Coinbase acquires, the leading crypto exchange.”
According to the report, the potential acquisition goes beyond the restructuring of companies, so that instead points to a fundamental shift in how digital assets can be embedded in regular financing and technology.
If the blockchain infrastructure of UPBIT integrates afterwards, the partnership can accelerate the approval of digital payments nationwide.
NAVER PAY already serves more than 30 million users and processes dozens of trillions in annual store transactions. The introduction of a won-backed stablecoin in this system would reduce the costs of map processing, streamlining settlements and pulling millions of crypto investors directly to the retirement system of NAVER.
For Dunamu, the deal would offer both scale and use. The company recently unveiled the GIWA chain, an optimism-based Layer 2 network that is designed to extend its role from Exchange Operator to Blockchain Infrastructure Provider.
Linking with retirement would open new income flows from the use of stablecoin and transaction costs while the user is illuminated onboarding.
In addition, the crypto registrations include time-consuming identity verification processes. By inserting the Mobile ID service from NAVER, Upbit could simplify the KYC process for the 40 million monthly users of retrospective, so that barriers and stimulation of growth.
It noticed:
“These changes would directly affect the expansion of UPBIT. Upbit currently has 10 million cumulative registered users. When the 40 million user base of retirement combines with a simplified registration process, potential users can participate much more easily. This offers an important chance for UPbit to speed up users.”
The potential benefits also reach in cultural and capital markets.
Naver Webtoon, which in 2024 achieved $ 1.35 billion in income and maintained partnerships with Disney and Marvel, could use Blockchain to stimulate intellectual property, to stimulate the transparency of the maker and launch community -driven token economics.
At the same time, NAVER’s ownership of Poshmark and the non-listed stock trading platform paths for stablecoin-based Escrow systems, tokenized stock markets and blockchain-oriented AD settlements.
