Dunamu and Naver Financial Plan IPO After September Merger

Gate News message, April 15 — Dunamu and Naver Financial announced plans to proceed with an initial public offering (IPO) following a comprehensive stock exchange merger scheduled for September 30, 2026, according to a filing with South Korea's Financial Supervisory Service.

Under the merger agreement signed in November 2025, Dunamu shareholders will exchange 1 share (valued at 439,252 Korean won) for 2.54 shares of Naver Financial (valued at 172,780 Korean won each). Following the merger, Dunamu will become a wholly-owned subsidiary of Naver Financial, which will retain its corporate name. The two companies plan to establish an IPO committee within one year of the stock exchange completion, though specific IPO timelines have not been finalized.

The merger is currently undergoing review by South Korea's Fair Trade Commission. Naver intends to secure voting rights in Naver Financial through an investor agreement and maintain it as a consolidated subsidiary.