Naver is planning to pursue a separate IPO for its Fintech division

BlockBeats News, April 16th - South Korea's largest internet technology company, Naver, is planning to take its financial technology division, Naver Financial, public through an IPO. This move comes after a recent strategic partnership with Upbit's parent company, Dunamu. Naver aims to independently list Naver Financial to further expand its presence in the payment, digital finance, and crypto areas, leveraging Dunamu's resources to bolster its competitiveness. Currently, Naver has been engaged in fierce competition in the South Korean fintech market with rivals such as Kakao, through products like Naver Pay.