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Naver Chairman Lee Hae-jin speaks at a joint press conference held by Naver, Naver Financial, and Dunamu at Naver 1784 in Seongnam, Gyeonggi Province, on November 27, 2025. (From left: Park Sang-jin, CEO of Npay) |
[Alpha Biz= Kim Jisun] aver announced plans to pursue an initial public offering (IPO) of Naver Financial after completing a comprehensive share swap with Dunamu, the operator of cryptocurrency exchange Upbit.
In a revised regulatory filing on April 15, Naver said it will establish an IPO committee within one year of completing the share swap and aims to list Naver Financial within five years from the completion date. The company added that the timeline could be extended by up to two additional years if necessary.
Both Naver and Dunamu noted that specific details regarding the IPO—including timing, feasibility, and execution plans—have not yet been finalized and will be disclosed once confirmed.
Naver also stated that it plans to secure voting rights in Naver Financial through shareholder agreements, while maintaining the unit as a consolidated subsidiary.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
