NAVER Acquires Dunamu, Creating a Fintech Powerhouse in South Korea

South Korean technology giant NAVER has made a strategic move by acquiring Dunamu, the operator of Upbit, the country’s largest cryptocurrency exchange. This share swap deal will give NAVER full control of Upbit and establish a major presence in South Korea’s rapidly growing digital asset market. 100% ownership of South Korea’s largest crypto exchange opens up significant opportunities for expansion.