[Upbit Parent Company Dunamu and Naver Financial Plan to Merge] The parent company of South Korea's largest cryptocurrency exchange, Upbit, Dunamu, and the payment platform Naver Financial plan to announce a merger on November 27. The boards of directors of both companies are set to approve an all-stock exchange transaction on November 26, with an estimated exchange ratio of 1:3. After the transaction is completed, Dunamu will become a wholly-owned subsidiary of Naver Financial. Post-merger, Dunamu's major shareholders will hold nearly 30% of the new company, while Naver's stake will decrease from 69% to 17%, though it will retain operational control. This transaction values Naver Financial at approximately 5 trillion KRW and Dunamu at approximately 15 trillion KRW.