The acquisition case of Upbit's parent company Dunamu is progressing, and Naver's board of directors will make the final confirmation next week

According to a report by koreatimes, sources indicate that South Korea's largest portal site Naver is expected to confirm its acquisition plan for Dunamu at a board meeting scheduled for next week. Dunamu is the operator of Upbit, South Korea's largest cryptocurrency exchange.

Insiders revealed that Dunamu plans to hold a board meeting on November 26 to confirm the specific details of the acquisition plan.

It is said that Naver plans to promote a comprehensive stock swap through its fintech subsidiary Naver Financial, making Dunamu a wholly-owned subsidiary, aiming to expand its business layout in the digital finance sector.