Naver plans to promote the IPO of its financial subsidiary and continue to advance its stock exchange trading with cryptocurrency exchange Dunamu On April 16th, according to Tech in Asia, Naver plans to push its subsidiary Naver Financial to complete an IPO within five years after completing a share exchange transaction with Dunamu, the operator of the South Korean cryptocurrency exchange Upbit. According to the shareholder agreement signed by both parties, an IPO committee must be established within one year after the completion of the transaction. If the company fails to go public within five years, the deadline can be extended up to seven years. At present, the specific time and structure of the IPO have not been determined and will depend on the market environment and regulatory progress. It is worth noting that South Korea's proposed Digital Asset Basic Law may affect trading structures, and regulatory authorities are also discussing the rule of setting the maximum shareholding ratio of major shareholders in cryptocurrency exchanges at 20%. At the same time, Dunamu's operating profit in 2025 decreased by 26.7% year-on-year to 869.3 billion Korean won (approximately 591 million US dollars), mainly due to a slowdown in cryptocurrency trading volume.