Dunamu to pursue IPO immediately after Naver Financial merger

Dunamu plans to pursue an initial public offering (IPO) as soon as its merger with Naver Financial is complete, the company announced at a shareholders' meeting on March 31, DigitalToday reported. Dunamu CEO Oh Kyung-seok addressed the merger's delay, explaining that the company is awaiting approval from South Korea's Fair Trade Commission for the business combination and from the Financial Services Commission for the change in major shareholders. He noted that due to the deal's large scale and unprecedented nature, government authorities are taking time to determine a reasonable course of action, and Dunamu is cooperating by actively providing all necessary information.