Regulators weigh antitrust safeguards as Naver-Dunamu deal stalls
Financial authorities said Thursday that they are considering safeguards to address concerns over potential market dominance arising from the merger of Naver Financial and Dunamu. "The Fair Trade Commission (FTC) is currently conducting a thorough review of whether the proposed merger between Naver and Dunamu would restrict competition," the Financial Services Commission said in a written…
Financial regulators are evaluating potential antitrust measures in response to the stalled merger between Naver Financial and Dunamu. The Fair Trade Commission is conducting an extensive assessment to determine if the proposed consolidation could limit competition within the market. In a statement to Rep. Lee Kang-ill, a member of the ruling Democratic Party of Korea, the Financial Services Commission outlined their concerns.
Additionally, they are contemplating safeguards through the Digital Asset Basic Act to ensure the continued neutrality and public interest focus of cryptocurrency exchanges, which are essential market infrastructure. In November, Naver Financial had announced its intention to make Dunamu a wholly owned subsidiary through a share swap, aiming to leverage Dunamu's resources to enter the digital assets sector.
If successful, Dunamu would be in a position to grow beyond its current offerings and integrate with Naver's broader ecosystem.
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- Regulators weigh antitrust safeguards as Naver-Dunamu deal stalls koreatimes.co.kr
