Naver Delays Dunamu Share Swap as Regulatory Reviews and Profit Declines Continue

South Korea’s Naver Financial has postponed its planned share swap with Dunamu, pushing the timeline back by about three months. According to a filing with the Financial Supervisory Service, the shareholder vote is now expected on Aug. 18, with completion scheduled for Sept. 30, instead of earlier targets in late May or early June.

The proposed all-stock transaction, valued at about $10.3 billion, was first revealed in September 2025 and later confirmed in November filings. The deal aims to make Dunamu a wholly owned subsidiary, combining one of South Korea’s largest fintech platforms with the operator of its biggest crypto exchange.

Crypto Law Changes and Profit Declines Add Pressure

The transaction remains subject to approvals tied to major shareholding and business combination reviews. Ongoing discussions surrounding South Korea’s proposed Digital Asset Basic Act, expected in the first half of 2026, may further delay or affect the deal’s outcome.

Meanwhile, Dunamu reported weaker financial results in 2025. Revenue fell 10% year-on-year to about 1.56 trillion won ($1 billion). Operating profit declined 26.7% to 869.3 billion won ($573.3 million), and net profit dropped 27.9% to 708.9 billion won ($467 million), reflecting reduced crypto trading volumes during a broader market slowdown.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.