South Korean FTC to actively review M&A in digital markets amid Dunamu deal

South Korea's Fair Trade Commission (FTC) has signaled its intent to actively review mergers and acquisitions in innovative industries, including big tech and digital asset platforms, to prevent the entrenchment of monopolies. In a report to the National Assembly's National Policy Committee on Feb. 23, the FTC stated it would investigate and correct fundamental anti-competitive practices, according to a report from Digital Asset. The announcement comes as the regulator is reportedly reviewing Naver Financial's proposed acquisition of Dunamu, the operator of the South Korean crypto exchange Upbit.