Upbit's parent company, Dunamu, plans to merge with Naver Financial.

Odaily Planet Daily reports that Dunamu, the parent company of South Korean cryptocurrency exchange Upbit, and fintech company Naver Financial are proposing a merger to form an entity valued at approximately $13.8 billion (200 trillion won) through a stock swap. The merger aims to combine Dunamu's virtual asset business with Naver's payment and financial infrastructure, and is widely seen as a potential pathway to a future US IPO. (Decrypt)