Upbit's parent company Dunamu acquisition case is progressing, Naver's board of directors will give final confirmation next week

BlockBeats News, November 19th, according to koreatimes report, sources said that South Korea's largest portal website Naver is expected to confirm the acquisition plan of Dunamu at the board meeting scheduled for next week, Dunamu being the operator of South Korea's largest cryptocurrency exchange Upbit.

Sources revealed that Dunamu plans to hold a board meeting on November 26th to finalize the details of the acquisition plan.

Reportedly, Naver plans to drive a comprehensive stock swap through its fintech subsidiary Naver Financial, making Dunamu its wholly-owned subsidiary, aiming to expand its business presence in the digital finance field.