[Naver and Upbit's Parent Company Dunamu to Jointly Invest Approximately $7 Billion in AI and Blockchain Fields] BlockBeats News, November 27, according to multiple South Korean media reports, South Korea's largest internet company, Naver, after acquiring Dunamu, the parent company of South Korea's largest crypto platform Upbit, will invest approximately $7 billion in the fields of artificial intelligence and blockchain. The goal is to 'establish a new global framework' that not only covers payments and settlements but also spans the entire financial sector. Yesterday, Naver agreed to acquire Dunamu, the operator of South Korea's largest cryptocurrency trading platform Upbit, through an all-stock transaction valued at approximately $10.3 billion. According to the transaction plan disclosed in regulatory filings on Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will complete the acquisition by issuing 2.54 new Naver shares for every 1 share of Dunamu stock held.