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Woofun AI reports that Naver Financial and Dunamu have postponed their stock-for-stock transaction completion to December 31, marking the second delay. The deal, integrating Upbit operator Dunamu into Naver’s financial division, was originally set for September 30.
Dunamu cited unfinished cryptocurrency legislation and pending antitrust reviews as key variables. The extraordinary shareholders' meeting is rescheduled from August 18 to November 19, with the record date set for October 22. Multiple government approvals remain required, including FTC merger clearance and regulatory consent for shareholder changes. Dunamu warned that progress in these processes or the pending "Digital Asset Basic Act", which may impose strict liability for hacking losses, could further extend timelines or alter the transaction.