Naver delays Dunamu share swap amid regulatory procedures

Naver has delayed a comprehensive share swap between its subsidiary Naver Financial and Dunamu by about three months, the company announced Monday. According to the revised schedule disclosed in a regulatory filing, shareholder meetings are now set for Aug. 18, and the deal’s closing has been pushed to Sept. 30. The adjustment reflects ongoing licensing procedures and changes in the regulatory framework, said Naver. The deal had initially been slated for shareholder approval in May, followed by

By The Korea Herald