South Korea2026.10.22Digital Asset

"Naver-Dunamu Merger Raises Monopoly Concerns"... FSC Says It Is "Reviewing Safeguards in the Digital Asset Act"

• The FSC is reviewing safeguard provisions in the draft Digital Asset Act to protect the public nature and neutrality of virtual asset exchanges.
• The review follows concerns that a corporate combination between Naver Financial and Dunamu (operator of the Upbit exchange) could create market monopoly risk.
• The Korea Fair Trade Commission is separately examining whether the Naver-Dunamu combination would restrict competition, per the FSC's written response to Rep. Lee Kang-il (Democratic Party) dated October 22.