Naver-Dunamu $9.9B Merger Postponed to December 31, Delayed by Digital Asset Law Uncertainty

According to BlockBeats, on July 7, Naver Financial and Dunamu postponed their all-stock merger to December 31, marking the second delay. The deal, which brings Upbit, South Korea's largest crypto exchange, under Naver's financial division, was originally scheduled to close on September 30.

The postponement is driven by pending digital asset legislation in the National Assembly and ongoing antitrust review by South Korea's Fair Trade Commission. Dunamu confirmed that progress on any approval requirement could further extend the timeline or jeopardize the transaction.

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