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Naver and Dunamu to Invest $7B in AI and Blockchain Infrastructure

Naver and Dunamu plan to invest approximately $7 billion in artificial intelligence and blockchain following their merger, multiple South Korean media outlets reported on Nov. 27. The investment will fund next-generation financial infrastructure covering payments, settlements, and broader financial services. On Nov. 26, Naver agreed to acquire Dunamu, operator of South Korea's largest cryptocurrency exchange Upbit, in an all-stock deal valued at approximately $10.3 billion, with Naver Financial Corp. issuing 2.54 new Naver shares for each Dunamu share.
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