Dunamu-Naver Share Swap Delayed Again to March 2027

| cryptobriefing.com
The Dunamu-Naver share swap has been delayed for a third time, with completion now scheduled for March 31, 2027, instead of December 31, 2026. Dunamu operates Upbit, South Korea’s leading crypto exchange. The companies say the deal remains subject to regulatory reviews, including a Korea Fair Trade Commission review and financial-sector approvals, amid changes related to South Korea’s Digital Asset Framework Act. The deal’s structure and fixed exchange ratio remain unchanged: each Dunamu share would convert into 2.5422618 Naver Financial shares. Naver Financial plans to issue about 87.56 million shares, valued at roughly 15.13 trillion won, to make Dunamu a wholly owned subsidiary. The shareholder record date is January 18, 2027, and an extraordinary shareholder meeting is scheduled for February 26. Eligible shareholders can exercise appraisal rights from February 26 to March 18. This third Dunamu-Naver share swap delay extends uncertainty around Upbit’s ownership and the companies’ digital finance strategy. Regulatory progress will be crucial to meeting the new completion date. Naver Financial plans to form an IPO committee within a year of closing, but has not decided whether or when to pursue a listing. The delay is not, by itself, a clear market-wide crypto catalyst, though further setbacks could add uncertainty around Upbit’s strategic plans.
Neutral
The delayed share swap concerns the ownership and corporate structure of Upbit’s operator, not a change to a specific cryptocurrency’s tokenomics or direct demand. The summaries identify no direct price catalyst for a particular coin, so the expected immediate effect on crypto prices is neutral. In the short term, traders may monitor regulatory announcements and the revised shareholder timetable, but the delay alone is unlikely to drive broad market moves. If approvals face further setbacks, uncertainty could weigh on sentiment toward Upbit’s business plans; successful completion could reduce that uncertainty. These are indirect, platform-level effects and do not establish a clear directional impact on any cryptocurrency’s price.