[Naver Financial to Launch Busan Stablecoin Wallet and Plans to Merge with Upbit's Parent Company] Naver Financial has completed the development of the Busan local stablecoin wallet and plans to launch it next month. The wallet, developed in collaboration with Hashed and the Busan Digital Asset Exchange, will support the stabilization of Busan's local currency 'Dongbaek-jeon,' allowing residents and tourists to exchange fiat currency into a stablecoin version of the local currency. This service will be integrated into the Naver Pay Wallet, but full functionality will only be enabled after the establishment of South Korea's local currency stablecoin regulatory framework. Meanwhile, Naver is merging with Upbit's parent company Dunamu through a stock swap. After the merger, Dunamu plans to list on Nasdaq as a wholly-owned subsidiary of Naver.