Naver has announced a delay in the comprehensive share swap between its subsidiary, Naver Financial, and Dunamu, pushing back the completion date by approximately three months.
According to a regulatory filing outlining the revised schedule, shareholder meetings are now scheduled for August 18th, with the deal’s closing anticipated on September 30th. Naver cited ongoing licensing procedures and evolving regulatory frameworks as the reasons for the adjustment.
The original plan involved shareholder approval in May and a closing date at the end of June. Both timelines have now been shifted to the third quarter of the year.
This postponement is attributed to pending regulatory reviews, prompting the company to allow more time for shareholder approvals. While specific permits were not identified, Naver confirmed that related procedures are progressing.
The share swap aims to enhance Naver’s position in the digital finance sector by integrating Dunamu, a leading cryptocurrency exchange operator, more closely into its financial ecosystem.
This strategic move also underscores a broader initiative to expand into digital asset-based businesses, reflecting the ongoing transition of financial services toward digital platforms.
Naver emphasized the importance of combining capabilities to effectively compete in the increasingly competitive global digital asset market.
“Creating synergy by leveraging the strengths of both companies will be critical in taking on the global digital asset market,” stated a Naver official, who also assured that efforts would continue to ensure a seamless completion of the affiliation process.
yeeun
