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How Naver and Dunamu could reshape South Korea’s crypto landscape

September 25, 2025Updated:September 25, 2025No Comments3 Mins Read
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How Naver and Dunamu could reshape South Korea’s crypto landscape
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How Naver and Dunamu could reshape South Korea’s crypto landscapeStake

Naver Monetary, the fintech arm of South Korea’s largest search engine, is weighing a possible share-swap settlement with Dunamu, the operator of Upbit.

Earlier immediately, stories from native shops prompt that the talks had already superior into merger territory, however Naver’s regulatory submitting clarified that no binding phrases have been confirmed.

The disclosure, submitted to the Monetary Supervisory Service, acknowledged that Naver and Dunamu are exploring a number of types of cooperation. These embody a possible share alternate, a won-pegged stablecoin challenge, and unlisted inventory buying and selling providers.

Nevertheless, Naver’s CFO, Hee Cheol Kim, confused that concrete particulars might be introduced inside a month or as soon as a proper settlement is reached.

Potential advantages for South Korea’s crypto ecosystem

A report from Tiger Analysis means that any settlement between Naver and Dunamu would reshape South Korea’s crypto financial system.

It famous:

“This deal resembles a state of affairs the place Google acquires Coinbase, the main crypto alternate.”

Based on the report, the potential acquisition goes past company restructuring, pointing as a substitute to a basic shift in how digital belongings might be embedded into mainstream finance and know-how.

If Naver integrates Upbit’s blockchain infrastructure, the partnership may fast-track the adoption of digital funds nationwide.

Naver Pay already serves over 30 million customers and handles tens of trillions of gained in annual buying transactions. Introducing a won-backed stablecoin into this technique would minimize card processing prices, streamline settlements, and appeal to hundreds of thousands of crypto traders straight into Naver’s cost ecosystem.

For Dunamu, the deal would supply each scale and utility. The corporate lately unveiled GIWA Chain, an Optimism-based Layer 2 community designed to develop its function from alternate operator to blockchain infrastructure supplier.

Linking with Naver would open new income streams from stablecoin utilization and transaction charges whereas easing consumer onboarding.

Furthermore, its crypto sign-ups contain time-consuming id verification processes. By embedding Naver’s cell ID service, Upbit may simplify the KYC course of for Naver’s 40 million month-to-month customers, reducing obstacles and driving progress.

It famous:

“These adjustments would straight affect Upbit’s consumer enlargement. Upbit presently has 10 million cumulative registered customers. When Naver’s 40 million consumer base combines with a simplified registration course of, potential customers can be a part of rather more simply. This represents a big alternative for Upbit to speed up its consumer progress price.”

The potential advantages additionally attain into tradition and capital markets.

Naver Webtoon, which posted $1.35 billion in income in 2024 and maintains partnerships with Disney and Marvel, may harness blockchain to tokenize mental property, enhance creator transparency, and launch community-driven token economies.

In parallel, Naver’s possession of Poshmark and its unlisted inventory buying and selling platform opens paths for stablecoin-based escrow methods, tokenized fairness markets, and blockchain-verified advert settlements.

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