Naver Financial's Acquisition of Dunamu Enters Final Antitrust Review in South Korea
According to a report by The Korea Herald on November 10, South Korea's Fair Trade Commission (KFTC) has entered the final deliberation stage regarding Naver Financial's proposed acquisition of Dunamu, the operator of Upbit. After evaluating the revised remedies submitted by both parties, the KFTC secretariat has submitted a review report to the full committee recommending conditional approval. The report noted that the transaction could potentially restrict competition in the digital finance and stablecoin markets; however, the secretariat's recommendation does not equate to final approval of the deal.
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