Dunamu, operator of Upbit, Korea’s No. 1 virtual asset exchange, plans to push for an IPO as soon as the merger with Naver Financial is completed. The company notes that listing could occur domestically or overseas, but no decision has yet been made on the listing venue. Chief Financial Officer Nam Seung-hyun said the ‘listed within five years’ target is the contract’s final deadline, and Dunamu will work to prepare for listing and enter the market immediately once the deal is completed. The firm also indicated that it is prioritizing the completion of the merger with Naver Financial, with regulatory approvals being actively pursued.
It also noted that it is actively submitting necessary data and cooperating with authorities during the review. CEO Oh Kyung-seok said that after the merger, Dunamu can pursue closer cooperation with traditional finance, and that AI agent wallets and trading services are being prepared to support corporate and cross-border expansion, including initiatives such as Upbit Global and Vietnam.
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