[Naver Board Approves Acquisition of Dunamu at a 1:2.54 Share Swap Ratio] The board of directors of Naver, South Korea's largest portal operator, has approved the acquisition of Dunamu through a share swap. The share swap ratio is 1:2.54. The share swap value for each Dunamu share is 439,252 KRW, while the share swap value for each Naver Financial share is 172,780 KRW. Naver stated that after the share swap is completed, Naver Financial will become the wholly-owned parent company, and Dunamu will become a wholly-owned subsidiary. Both parties will continue to operate their existing businesses and review restructuring plans.