Dunamu has sold its unlisted shares in Naver Pay to Naver. This move is seen as part of the restructuring of Naver Pay's shareholder structure amid ongoing procedures for Dunamu to become a wholly-owned subsidiary of Naver Financial.
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 unlisted Naver Pay will increase from 36,735 shares to 216,734 shares, raising its stake from 5.77% to 34.04%. The remaining 65.96% will be held by Naver Financial.
Currently, Naver Financial is in the process of fully integrating Dunamu through a stock exchange method. If the stock exchange proceeds 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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