Foresight News|4月 03, 2026 09:10
[South Korea Financial Supervisory Service Requires Dunamu to Rectify Disclosure, Stock Swap with Naver Financial Faces Risk of Cancellation]
According to Foresight News, citing Money Today, the South Korea Financial Supervisory Service (FSS) issued a rectification order to Dunamu, the operator of Upbit, on April 3 regarding the "Key Matters Report on Comprehensive Stock Swap and Transfer Decision." The FSS pointed out that Dunamu's report submitted on March 30 contained significant omissions or false statements regarding the "Future Corporate Restructuring Plan" and "Other Important Matters Related to Investment Judgments."
In the report, Dunamu explicitly stated that due to the need for approval from the Fair Trade Commission and the requirement to complete major shareholder change filings in accordance with the Credit Information Act and the Specific Financial Information Act, the stock swap may face risks of delay or cancellation. Additionally, the legislative process of South Korea's pending "Basic Law on Digital Assets" could also have a significant impact on the transaction.
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