[Naver Plans $10.3 Billion All-Stock Acquisition of Upbit's Parent Company Dunamu] According to Bloomberg, South Korean tech giant Naver announced that it will acquire Dunamu, the operator of South Korea's largest crypto exchange Upbit, through its financial subsidiary Naver Financial in a $10.3 billion all-stock transaction. Upon completion of the deal, Dunamu will become a wholly-owned subsidiary of Naver Financial. Through this acquisition, Naver aims to accelerate its digital asset strategy and promote the issuance of a Korean won stablecoin. Upbit currently holds over 80% of the market share in South Korea.