【South Korea】The Korea Fair Trade Commission (KFTC) is conducting an antitrust review of Naver Financial’s acquisition of Dunamu, the operator of Upbit. According to a November 10 report by The Korea Times, the regulator has begun a formal review amid concerns that the deal could harm competition across several financial and technology markets. It plans to make a decision by the end of 2026. Under the proposed share-swap arrangement, Dunamu shareholders would receive approximately 2.54 shares of Naver Financial for each share they hold. The review also considers the deal’s impact on competition in the Korean won stablecoin market. (Source: PYMNTS/The Korea Times, November 10)

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