Naver Financial, Dunamu extend stock swap to year-end

The comprehensive stock swap between Naver Financial and Dunamu has been extended by three months, according to Digital Times. In a revised disclosure on July 6, Naver announced that the planned stock swap date for its subsidiary, Naver Financial, has been moved from Sept. 30 to Dec. 31. The scheduled date for the shareholders' meeting has also been adjusted from Aug. 18 to Nov. 19. Once the stock swap is complete, Dunamu will become a wholly-owned subsidiary of Naver Financial.