Naver Delays Dunamu Share Swap After Extended Regulatory Review
Naver Financial said it will postpone a planned share swap with Dunamu by roughly three months as antitrust and crypto-focused regulatory reviews continue and profits at Upbit’s operator have softened. The company framed the move as a timing adjustment while discussions with competition and financial regulators remain unresolved, not an abandonment of the transaction.
The delay raises short-term uncertainty for shareholders and slows the strategic tie-up intended to deepen Naver’s exposure to crypto services. It also highlights growing regulatory friction for crypto-related M&A in South Korea, which could force buyers and targets to rethink timetables, deal structure and valuation assumptions. Neither side has provided a firm new closing date beyond the roughly three-month extension.