Dunamu has sold its stake in Naver Pay to Naver. This move is seen as part of efforts to reorganize the shareholder structure of Naver Pay as Naver Financial works to fully integrate Dunamu as a subsidiary.
According to the Financial Supervisory Service's electronic disclosure system on June 17, Dunamu sold 179,999 shares of unlisted Naver Pay to Naver for 29.4 billion won.
Once the transaction is completed on June 30, Naver's holdings in Naver Pay will increase from 36,735 shares to 216,734 shares, raising its ownership stake from 5.77% to 34.04%. The remaining 65.96% will be held by Naver Financial.
Naver Financial is currently in the process of acquiring Dunamu through a stock exchange method. If the stock exchange is completed as planned, Naver Financial and Dunamu will establish an IPO committee to pursue Naver Financial's listing within the next seven years.
* This article has been translated by AI.
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