Dunamu, the parent company of South Korean crypto exchange Upbit, confirmed through local media that it plans to pursue a U.S. IPO after completing its strategic merger with tech conglomerate Naver. The deal is reportedly in its final approval stage, according to Seoul Economic Daily, and could be formalized before the end of the quarter.
The merger would bring together one of Asia’s largest crypto platforms and Korea’s leading tech ecosystem, creating a stronger gateway for mainstream digital finance. For U.S. markets, the listing would offer rare exposure to South Korea’s high-volume crypto activity, where Upbit consistently ranks among the top exchanges globally. Industry analysts highlight that Naver could expand into blockchain payments, explore won-backed stablecoins, and integrate crypto-friendly payment systems into its e-commerce and digital advertising platforms.
Once finalized, both companies are expected to publish a detailed post-merger roadmap, including IPO timelines, product integration plans, and operational targets for the first year. Further regulatory review is still pending.
Source: https://www.sedaily.com/NewsView/2H0KVTDPC1
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