Naver Shares Surge on Tie-Up Talks With Top Crypto Exchange

Naver Corporation, a South Korean internet conglomerate, has seen a significant surge in its share price after news of potential collaboration talks with Dunamu Inc., the operator of South Korea's largest cryptocurrency exchange, Upbit. The fintech arm of Naver Corporation and Dunamu Inc. have confirmed that they are in discussions regarding a potential partnership or merger. This news has sparked investor interest, leading to an 11% increase in Naver's stock price. The collaboration between the two companies could potentially expand Naver's financial services offerings and leverage Dunamu's expertise in the cryptocurrency market. However, the details of the potential partnership or merger are still under discussion, and any concrete agreements or plans have not been finalized. The news highlights the growing integration between traditional financial institutions and the burgeoning cryptocurrency industry, as companies seek to capitalize on the rapidly evolving digital asset landscape.