Dunamu deal push go Septemba as Naver dey face regulation

South Korea Naver Financial don delay Dunamu deal, wey be share swap wey suppose make dem get control of Dunamu wey be Upbit parent, for almost three months. Shareholders go vote now on Aug 18, and dem dey expect deal to complete on Sept 30, instead of the original late‑May/early‑June schedule. Naver talk say Dunamu deal still need plenty regulatory approvals, including checks wey concern changes in major shareholding and business‑combination review. The company no give exact reason for the delay, but warn say more postponements—or even cancellation—fit still happen. The timeline fit also change because of South Korea proposed Digital Asset Basic Act, wey dem expect to come into effect in H1 2026. Separately, Dunamu report weaker 2025 performance as crypto activity cool down: revenue fall about 10% YoY, operating profit drop 26.7%, and net profit decline 27.9%. For traders, the main implication na higher execution risk around Upbit ownership structure. With regulatory uncertainty stretching the Dunamu deal schedule and policy entering new phase, short‑term sentiment fit remain cautious while the broader market dey wait for clearer guidance.