Acquiring Company
Naver Cloud
Acquired Company
Dunamu
Seongnam-siSouth KoreaInformation TechnologyArtificial IntelligenceCloud InfrastructureCloud ComputingBlockchainCryptocurrencyDescription
Naver is set to acquire Dunamu, the parent of Upbit, through an equity swap that aims to create a super app integrating various digital financial services. The acquisition will be confirmed at upcoming board meetings, with strategic goals including the launch of a won-backed stablecoin. The merger is expected to significantly reshape the digital finance landscape in South Korea.
Quick answer
Naver Cloud is acquiring Dunamu, announced November 20, 2025. Naver Cloud is based in Seongnam-si, Gyeonggi, South Korea.
- How much did Naver Cloud pay for Dunamu?
- The deal value was not disclosed.
- What does Naver Cloud do?
- Naver Cloud is a leading cloud service provider in South Korea, offering a wide range of cloud computing solutions.
- Where are Naver Cloud and Dunamu based?
- Naver Cloud is based in Seongnam-si, Gyeonggi, South Korea. Dunamu is based in South Korea.
- Who are the decision-makers at Naver Cloud?
- Fundz holds 4 contacts at Naver Cloud. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Naver Cloud, and when
When Naver Cloud changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Naver Cloud raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
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Related People
Frequently asked
Who acquired Dunamu?
Dunamu was acquired by Naver Cloud, based in Seongnam-si. The deal was reported on November 20, 2025. Naver Cloud is a leading cloud service provider in South Korea, offering a wide range of cloud computing solutions. Naver Cloud is privately held and operates in Information Technology.
When did Naver Cloud acquire Dunamu?
Naver Cloud's acquisition of Dunamu was reported on November 20, 2025. Naver is set to acquire Dunamu, the parent of Upbit, through an equity swap that aims to create a super app integrating various digital financial services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Dunamu do?
Dunamu is the operator of Upbit, South Korea’s largest cryptocurrency exchange. Founded in 2012, Dunamu has transformed into a dominant exchange operator in the crypto market. It is privately held, operating in Blockchain, and is based in South Korea.
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