Dunamu, operator of South Korea’s leading cryptocurrency exchange Upbit, plans a merger with Naver Financial before seeking a listing on the Nasdaq. This ambitious move draws significant regulatory attention, as it could significantly reshape Korea’s fintech landscape and impact global crypto markets. The merger aims to create a $13.8 billion fintech group, paving the way for an IPO potentially valued at up to $34 billion. Dunamu will become a fully owned subsidiary of Naver Financial through a stock exchange swap. This fusion is expected to be closely watched by regulators as it could significantly influence financial markets and may result in adjustments to existing regulatory frameworks.