Naver
Naver is a global technology platform that provides SMEs, creators, and partners with access to advanced technologies, helping them to grow and succeed globally.
News Heat Trend
Related news
South Korean internet giant Naver will build data centers based on NVIDIA’s models.
According to Bloomberg, South Korean internet and cloud service provider Naver has decided to build data centers based on NVIDIA’s models to solidify its leading position in the artificial intelligence sector in South Korea.
based
NVIDIA
KRW Stablecoin Alliance Accelerates Formation Amid Intensive Partnerships Between Banks and Fintech Giants
According to Yonhap News Agency, despite the absence of finalized legislation on the Korean won (KRW) stablecoin, major South Korean banks and fintech companies have accelerated efforts to form alliances. KB Kookmin Bank plans to collaborate with Toss, with KB taking the lead in issuance and Toss handling circulation; Shinhan Financial Group continues its collaboration with Samsung Financial; Woori Bank and NH Nonghyup Financial Group are currently considering Kakao’s partnership proposal; Hana Bank has already invested 1 trillion KRW in Dunamu and is jointly building South Korea’s largest stablecoin ecosystem with Naver. Meanwhile, the Bank of Korea is advancing the “Han River Project,” a pilot program for tokenized deposits. If this project launches rapidly, it could fuel claims that KRW stablecoins are unnecessary, further delaying related legislative progress.
Dunamu
Formation
KingDefi
Meanwhile
River
South Korean exchange Coinone sues the Financial Intelligence Unit (FIU) in an attempt to halt regulatory penalties
South Korean crypto exchange Coinone has filed a lawsuit against the Financial Intelligence Unit (FIU) regarding its penalties and has applied for a stay of execution with the Seoul Administrative Court, attempting to suspend the relevant measures before the sanctions take effect on April 29.The core of the sanctions is to restrict new users from depositing and withdrawing crypto assets to and from external exchanges. Previously, the FIU imposed a three-month partial business suspension and a fine of 5.2 billion Korean won on Coinone for violating the Specific Financial Information Act. (Naver)
Coinone
Unit
Naver Plans IPO for Its Financial Subsidiary; Share Swap Transaction with Cryptocurrency Exchange Dunamu Progresses
According to Tech in Asia, Naver plans to pursue an IPO for its subsidiary Naver Financial within five years after completing a share swap transaction with Dunamu—the operator of South Korea’s Upbit cryptocurrency exchange. Per the shareholders’ agreement signed by both parties, an IPO committee must be established within one year following the completion of the transaction; if the IPO is not completed within five years, the deadline may be extended up to seven years. The specific timing and structure of the IPO have yet to be determined and will depend on market conditions and regulatory developments. Notably, South Korea’s proposed Digital Asset Basic Act could impact the transaction structure, and regulators are also discussing a rule that would cap the maximum shareholding ratio for major shareholders of cryptocurrency exchanges at 20%. Meanwhile, Dunamu’s operating profit for 2025 declined 26.7% year-on-year to KRW 869.3 billion (approximately USD 591 million), primarily due to a slowdown in cryptocurrency trading volume.
Digital Asset
Dunamu
KingDefi
Meanwhile
Share
Share