「Stimulated by News of Merger with Upbit's Parent Company Dunamu」, Naver's Stock Price Surges by 11%

BlockBeats News, September 25th, according to market information, South Korea's largest portal site Naver saw its stock price surge 11% intraday today.

Prior to this news, Naver's financial subsidiary Naver Financial is in the process of a comprehensive stock swap with Upbit's parent company Dunamu. Through this stock swap, Dunamu will become a wholly-owned subsidiary of Naver Financial. Naver will integrate Dunamu's business to achieve full coverage in daily life areas from shopping, finance to cryptocurrency trading.