## Naver and Dunamu Merger: Stock Swap on the Horizon The highly anticipated merger between Naver and Dunamu, the operator of the Upbit cryptocurrency exchange, is nearing completion. According to Yonhap News, board meetings are scheduled for the 26th of this month where a comprehensive stock swap proposal will be presented by both companies. Industry insiders predict a stock swap ratio between Naver and Dunamu of approximately 1:3 to 1:4. This significant development will reshape the ownership structure of both entities. ## Key Players and Ownership Changes Upon successful completion of the merger, Dunamu Chairman Song Chi-hyung is expected to become the largest shareholder of Naver Financial, which will then hold Dunamu. Naver itself is projected to become the second-largest shareholder. This strategic alignment aims to leverage the strengths of both companies, potentially integrating Naver's technological prowess with Dunamu's foothold in the cryptocurrency market. The merger's impact on the broader fintech landscape remains to be seen, but it signals a growing convergence between traditional technology companies and the digital asset space. ```