Naver To Acquire Upbit, Plans Won-Backed Stablecoin

Naver Monetary, the fintech arm of South Korean tech big Naver, is making ready to accumulate Dunamu, the operator of the nation’s largest crypto alternate, Upbit.

The deal can be carried out by way of a share alternate, with board approvals anticipated quickly. Naver, typically referred to as the “Google of South Korea,” is already a frontrunner in search, funds, and digital companies, and the acquisition would mark a big step into crypto and digital finance.

BREAKING🚨 S. KOREA’S GOOGLE EYES CRYPTO

Naver, South Korea’s high search engine, plans to accumulate Upbit, the nation’s largest Crypto alternate, the equal of Google shopping for Coinbase! pic.twitter.com/S8mrgT9b1S

— CryptoSavingExpert ® (@CryptoSavingExp) September 25, 2025

Naver Monetary is predicted to launch a Korean won-backed stablecoin and broaden into different digital finance initiatives, with plans for abroad progress. The Chosun Each day cited sources as saying the transfer positions Naver as a worldwide fintech participant.

This comes as eight main South Korean banks put together their very own stablecoin launches by 2025–2026, with the Financial institution of Korea supportive of bank-led stablecoin issuance.

The nation’s crypto trade has seen a friendlier regulatory local weather beneath President Lee Jae-myung, who has superior laws that features the legalization of stablecoins.

South Korea is engaged on clear crypto guidelines and plans to launch a stablecoin tied to the Korean gained. The ruling celebration has arrange a activity power to move stablecoin legal guidelines by the top of the 12 months.

Naver’s Dunamu Deal Aligns With South Korea’s Crypto Development

Naver’s inventory worth soared 11.4% to 254,000 gained ($181) on information of the Dunamu acquisition, which in Upbit controls the fourth-largest crypto alternate globally with quantity at $2.9 billion day by day,

Naver, which has already experimented with crypto by way of its Naver Pay Pockets, launched in 2024, posted second-quarter revenue of $355 million on income of over $2 billion.

In the meantime, South Korea’s crypto market is booming, with crypto customers topping 16 million in February and projected to succeed in 20 million by year-end.

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